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 800,000 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 $18. All of the company's sales are on account This eller Corporation Comparative and Sheet (dollars in thes) Assets Current assets Cash Accounts receivable, et Inventory Prepaidences Total current Assets Property and equipment Land $1,560 0.100 $1,280 12,300 9,700 1. ce 2004 19,200 6.000 10,000 545,960 Total property and equipment Totale stabilities and stockholders' quity Current Latest Accounts payable Milities Notes payable short term Total current sities Loreter labilities 5,500 10.00 2 5,000 15,400 5,000 14,300 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 liabilities and stockholders' equity 5 points 800 4,200 5,000 29,880 34,880 $50, 280 888 4,269 5,eee 26,660 31,660 $45,960 Skipped eBook Hint Print References Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $79,000 $74,000 Cost of goods sold 52,800 48,000 Gross margin 27.000 26.000 Selling and administrative expenses: Selling expenses 8,500 8,000 Administrative expenses 12,000 11,000 Total selling and administrative expenses 20,500 19.000 Net operating income 6,500 Interest expense 7,000 600 600 Net income before taxes 5,900 6,400 Income taxes 2,360 Net Income 2,560 Dividends to common stockholders 3,540 3,840 320 600 Net Income added to retained earnings 3,220 3,240 Beginning retained earnings 26,660 23,420 2 Net income before taxes Income taxes Net income Dividends to common stockholders Net Income added to retained earnings Beginning retained earnings Ending retained earnings 5,989 2,360 3,540 320 3,220 26,660 $29,880 6,400 2,560 3,840 609 3,240 23,420 $26,660 5 points Skipped Bool Hint Required: Compute the following financial data for this year 1. Earnings per share. (Round your answer to 2 decimal places.) 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.) Print References 1. Earnings per share 2 Price-earnings ratio 3. Dividend payout ratio 4. Dividend yield ratio 5. Book value per share % %
