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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 3 1 appear below. table [ [ Additional paid -
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December appear below. tableAdditional paidin capital,Total paidin capital,Retained earnings,Total stockholders' equity,Total liabilities and stockholders' equity,$$
tabletableWeller CorporationComparative Income Statement and Reconciliationdollars in thousandsThis Year,Last YearSales$$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,$$
Required:
Compute the following financial ratios for this year:
Times interest earned ratio.
Debttoequity ratio.
Equity multiplier.
The company did not issue any new common stock during the year. A total of shares of common stock were outstanding. The
interest rate on the bond payable was the income tax rate was and the dividend per share of common stock was $ last
year and $ this year. The market value of the company's common stock at the end of this year was $ All of the company's sales
are on account.
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