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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common

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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 900,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of the year was $23.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 240 15,400 10,200 1,900 27,740 $ 510 10,250 8,600 2,300 21,660 7,000 20, 200 27,200 $54,940 7,000 20,000 27,000 $48,660 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current Habilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid in capital Total paid in capital Retained earnings Total stockholders' equity Total Habilities and stockholders' equity 1910,500 800 400 11,700 $ 8,800 1,200 400 10,400 5.000 16,700 5,000 15,400 900 4,700 5,600 32.640 38,240 $54,940 900 4,700 5,600 27,660 33,260 $48,660 Last Year $84,000 53,000 31,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $89,000 Cost of goods sold 57,000 Gross margin 32,000 Selling and administrative expenses: Selling expenses 9,500 Administrative expenses 13,000 Total selling and administrative expenses 22,500 Net operating income 9,500 Interest expense 600 Net income before taxes 8,900 Income taxes 3,560 Net income 5,340 Dividends to common stockholders 360 Net income added to retained earnings 4,980 Beginning retained earnings 27,660 Ending retained earnings $32,640 9,000 12,000 21,000 10,000 600 9,400 3,760 5,640 720 4,920 22,740 $27,660 Required: Compute the following financial data for this year 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 3. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 4. Dividend yield ratio. (Round your answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.) % 1. Earnings per share 2 Price earnings ratio 3. Dividend payout ratio 4. Dividend yield ratio 5. Book value per share %

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