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 yeat. A total of 970,000 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 $26.50. Ali of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets This Year Last Year. 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 1 iabilities Long-tern liabilities: \begin{tabular}{rr} $3,302 & $4,230 \\ 16,100 & 9,100 \\ 10,550 & 8,880 \\ 1,970 & 2,440 \\ \hline 31,922 & 24,650 \\ \hline 7,700 & 7,700 \\ 20,900 & 20,700 \\ \hline 28,600 & 28,400 \\ \hline$60,522 & $53,050 \\ \hline \end{tabular} 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 \begin{tabular}{rr} $11,200 & $9,150 \\ 940 & 1,550 \\ 470 & 470 \\ \hline 12,610 & 11,170 \\ \hline \end{tabular} \begin{tabular}{rr} 7,500 & 7,500 \\ \hline 20,110 & 18,670 \\ \hline \end{tabular} \begin{tabular}{rr} 97 & 97 \\ 5,050 & 5,050 \\ 6,020 & 6,20 \\ 34,392 & 28,360 \\ \hline 40,412 & 34,380 \\ \hline 560,522 & $53,050 \\ \hline \end{tabular} Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) 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 Incose taxes Net incone Dividends to common stockholders Net income added to retained earnings Beginning retained earnngs Ending retained earnings \begin{tabular}{rr} This Year & Last Year \\ $96,000 & $91,000 \\ 60,500 & 56,500 \\ \hline 35,590 & 34,500 \\ \hline 10,200 & 9,700 \\ 13,700 & 12,700 \\ \hline 23,900 & 22,400 \\ \hline 11,600 & 12,100 \\ 990 & 900 \\ \hline 10,790 & 11,200 \\ 4,280 & 4,480 \\ 6,42 & 6,72 \\ 388 & 776 \\ \hline 6,032 & 5,944 \\ 28,360 & 22,416 \\ \hline 534,392 & 528,360 \\ \hline \end{tabular} Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Price-eamings 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.)
