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Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new

Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 880,000 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 $0.40. The market value of the companys common stock at the end of the year was $22.00. All of the companys sales are on account.image text in transcribed

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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.)

Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: 3,508 4,340 Cash Accounts receivable, net 15,200 10,150 Inventory 10,100 8,520 Prepaid expenses 1,880 2,260 Total current assets 30,688 25,270 Property and equipment Land 6,800 6,800 Buildings and equipment, net 20,000 19,800 Total property and equipment 26,800 26,600 Total assets $57,488 $51,870 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $10,300 8,700 Accrued liabilities 760 1,100 Notes payable, short term 380 380 Total current liabilities 11,440 10,180 Long-term liabilities: Bonds payable 8,750 8,750 Total liabilities 20,190 18,930 Stockholders' equity: Common stock 880 880 Additional paid-in capital 4,600 4,600 Total paid-in capital 5,480 5,480 Retained earnings 31,818 27,460 Total stockholders' equity 37,298 32,940 Total liabilities and stockholders' equity $57,488 $51,870

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