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 companys common stock at the end of this year was $20.00. All of the companys sales are on account.

Compute the following financial data for this year:

1.

A. Earnings per share. (Round your answer to 2 decimal places.)

B. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.)

C. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.)

D. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.)

E. Book value per share. (Round your answer to 2 decimal places.)

\begin{tabular}{|c|c|c|} \hline \begin{tabular}{c} Weller Corporation \\ Comparative Balance Sheet \\ (dollars in thousands) \end{tabular} & This Year & Last Year \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets: } \\ \hline Cash & $6,344 & $6,400 \\ \hline Accounts receivable, net & 12,700 & 9,300 \\ \hline Inventory & 9,900 & 8,360 \\ \hline Prepaid expenses & 1,840 & 2,180 \\ \hline Total current assets & 30,784 & 26,240 \\ \hline \multicolumn{3}{|l|}{ Property and equipment: } \\ \hline Land & 6,400 & 6,400 \\ \hline Buildings and equipment, net & 19,600 & 19,400 \\ \hline Total property and equipment & 26,000 & 25,800 \\ \hline Total assets & $56,784 & $52,040 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Current liabilities: } \\ \hline Accounts payable & $9,900 & $8,500 \\ \hline Accrued liabilities & 680 & 900 \\ \hline Notes payable, short term & 340 & 340 \\ \hline Total current liabilities & 10,920 & 9,740 \\ \hline \multicolumn{3}{|l|}{ Long-term liabilities: } \\ \hline Bonds payable & 10,000 & 10,000 \\ \hline Total liabilities & 20,920 & 19,740 \\ \hline \multicolumn{3}{|l|}{ Stockholders' equity: } \\ \hline Common stock & 840 & 840 \\ \hline Additional paid-in capital & 4,400 & 4,400 \\ \hline Total paid-in capital & 5,240 & 5,240 \\ \hline Retained earnings & 30,624 & 27,060 \\ \hline Total stockholders' equity & 35,864 & 32,300 \\ \hline Total liabilities and stockholders' equity & $56,784 & $52,040 \\ \hline \end{tabular} \begin{tabular}{lrr} & \begin{tabular}{c} Weller Corporation \\ Comparative \\ Income Statement and Reconciliation \\ (dollars in thousands) \end{tabular} \\ Sales & \begin{tabular}{c} This Year \\ Last Year \end{tabular} \\ Cost of goods sold & $83,000 & $78,000 \\ Gross margin & 54,000 & 50,000 \\ Selling and administrative expenses: & 29,000 & 28,000 \\ Selling expenses & & \\ Administrative expenses & 8,900 & 8,400 \\ Total selling and administrative expenses & 12,400 & 11,400 \\ Net operating income & 21,300 & 19,800 \\ Interest expense & 7,700 & 8,200 \\ Net income before taxes & 1,200 & 1,200 \\ Income taxes & 6,500 & 7,000 \\ Net income & 2,600 & 2,800 \\ Dividends to common stockholders & 3,900 & 4,200 \\ Net income added to retained earnings & 336 & 672 \\ Beginning retained earnings & 3,564 & 3,528 \\ Ending retained earnings & 27,060 & 23,532 \\ \hline \end{tabular}