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 930,000 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 shore of common stock was $0.75 lost year and $0.40 this yesr. The market value of the company's common stock at the end of this year was $24.50. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 4,038 15,700 18,350 1,930 22.018 $ 4,140 10,400 8,720 2,360 25,620 7,300 2e, se 27,880 $ 59,818 7,300 28,300 27,600 $ 53,220 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' cquity: Common stock Additional paid in capital Total paid in capital Retained earnings Total stockholders' cquity Total liabilities and stockholders' cquity $ 18,820 85e 430 12.090 $ 8,950 1,350 430 10,730 8.750 20,840 8.750 19,480 93e 4,850 5.780 33,198 38,978 $ 59,818 930 4,850 5,780 27,950 33,740 $ 53,220 Last Year $ 87,000 54, 520 32,5ee Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 92,000 Cost of goods sold 58, see Gross margin 33,500 Selling and administrative expenses: Selling expenses 9.80 Administrative expenses 13,380 Total selling and administrative expenses 23.100 Net operating income 10.40 Interest expense 1.050 Net income before taxes Income taxes 3.740 Net income 5,610 Dividends to common stockholders 372 Net income added to retained earnings 5,238 Beginning retained carnings 27,950 Ending retained carnings $ 33,198 9.350 9.300 12,380 21,600 10,980 1. ese 9,850 3,94e 5,91e 744 5,166 22,794 $ 27,960 Required: Compute the following financial dets 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 retio. (Round your Intermediate calculations and final answer to 2 decimal places.) 5. Book value per shere. (Round your answer to 2 decimal places.)
