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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
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 800,000 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 $18. All of the company's sales are on account. Comparative Balance Sheet (dollars in thousands) This Year Last Year 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 \begin{tabular}{rr} $1,28 & $1,56 \\ 12,38 & 9,18 \\ 9,78 & 8,28 \\ 1,88 & 2,18 \\ \hline 25,88 & 2,96 \\ \hline 6,88 & 6,8 \\ 19,28 & 19,8 \\ \hline 25,28 & 25,88 \\ \hline$50,28 & $45,96 \\ \hline \end{tabular} 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 \begin{tabular}{rr} $9,5 & $8,30 \\ 6 & 7 \\ 3 & 3 \\ \hline 10,48 & 9,30 \\ 5,80 & 5,80 \\ \hline 15,40 & 14,30 \\ \hline & \\ 8 & 80 \\ 4,28 & 4,20 \\ \hline 5,80 & 5,80 \\ 29,88 & 26,66 \\ \hline 34,88 & 31,66 \\ \hline$50,28 & $45,96 \\ \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 Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 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.) Answer is complete but not entirely correct
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