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 820,000 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 this year was $19.00. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 3,812 $ 3,980 Accounts receivable, net 12,500 9,200 Inventory 9,800 8,280 Prepaid expenses 1.320 2,140 Total current assets 27 932 22.600 Property and equipment: Land 6,200 6,200 Buildings and equipment, net 19,400 19 200 Total property and equipment 25,600 25,400 Total assets 5.53,532 $ 49,900 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $9.700 $ 8,400 Accrued liabilities 640 800 Notes payable, short term 320 320 Total current liabilities 10,660 9,520 Long term liabilities Bonds payable 2,500 2500 Total Habilities 18.160 17.00 Stockholders' equity! Common stock 820 320 Additional paid in capital 4,300 43 Total paid in capital 5,120 5,120 Retained earnings 30, 252 26,60 Total stockholders' equity 35,372 31,980 Total liabilities and stockholdees' equity $ 53,532 549,000 Last Year $ 76,000 49,000 27,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 81,000 Cost of goods sold 53,000 Gross margin 28,000 Selling and administrative expenses: Selling expenses 8,700 Administrative expenses 12,200 Total selling and administrative expenses 20,980 Net operating income 7,100 Interest expense 900 Net income before taxes 6,200 Income taxes 2,480 Net Income 3,720 Dividends to common stockholders 328 Net income added to retained earnings 3,392 Beginning retained earnings 26,860 Ending retained earnings $ 38,252 8,200 11,200 19,400 7,600 900 6,700 2,680 4,020 656 3,364 23,496 $ 26,860 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 intermediate calculations and final 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 % %
