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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 840,000 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 $20.00. All of the company's sales are on account. This Year Last Year $ 6,344 12,700 9,900 1,840 30,784 $ 6,400 9,300 8,360 2,180 26,240 Weller Corporation Comparative Balance Sheet (dollars in thousands) 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 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 6,400 19,600 26,000 $56,784 6,400 19,400 25,800 $52,040 $ 9,900 680 340 $ 8,500 900 340 9,740 10,920 10,000 20,920 10,000 19,740 BLO 4,400 5,240 30,624 35,864 $56,784 840 4,400 5,240 27,060 32,300 $52,040 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $83,000 $78,000 Cost of goods sold 54,000 50,000 Gross margin 29,000 28,000 Selling and administrative expenses: Selling expenses 8,900 8,400 Administrative expenses 12,400 11,400 Total selling and administrative expenses 21,300 19,800 Net operating income 7,700 8,200 Interest expense 1,200 1,200 Net income before taxes 6,500 7,000 Income taxes 2,600 2,800 Net income Dividends to common stockholders 3,900 4,200 336 672 Net income added to retained earnings 3,564 Beginning retained earnings 3,528 27,060 23,532 Ending retained earnings $30,624 $27,060 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 % %

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