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 930,000 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 $24.50. 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 $ 4,038 $ 4,140 Accounts receivable, net 15,700 10,400 Inventory 10,350 8,720 Prepaid expenses 1.930 2,360 Total current assets 32,018 25,620 Property and equipment: Land 7.30 7,300 Buildings and equipment, net 20.500 20,300 Total property and equipment 27.800 27,600 Total assets 559,818 $53,220 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $10,800 $ 3,950 Accrued liabilities 360 1,350 $ 4,038 15,700 10,350 1,930 32,018 $ 4,140 10,400 8,720 2,360 25,620 7,300 20,500 27,800 $59,818 7,300 20, 3ee 27,600 $53,220 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 liabilities: 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 liabilities and stockholders' equity $10,800 860 430 12,90 $ 8,950 1,350 430 10,730 8,750 20,840 8,750 19,480 930 4,850 5,780 33,198 38,978 $59,818 930 4,850 5,789 27,960 33,740 $53, 220 inas Year $92,000 58,508 33,500 Last Year $87,000 54,500 32,500 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 9,800 13, 3ee 23,100 10,400 1,050 9,350 3,740 5,610 372 5,238 27,960 $33,198 9,300 12,300 21,600 10,900 1,050 9,850 3,940 5,910 744 5, 166 22,794 $ 27,960 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 Rook valule ner chare (Round your answer to 2 dorimal nlaces i 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 % %
