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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.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
This Year Last Year
Assets
Current assets:
Cash $ 3,508 $ 4,340
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

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
This Year Last Year
Sales $ 87,000 $ 82,000
Cost of goods sold 56,000 52,000
Gross margin 31,000 30,000

Selling and administrative expenses:
Selling expenses 9,300 8,800
Administrative expenses 12,800 11,800
Total selling and administrative expenses 22,100 20,600
Net operating income 8,900 9,400
Interest expense 1,050 1,050
Net income before taxes 7,850 8,350
Income taxes 3,140 3,340
Net income 4,710 5,010
Dividends to common stockholders 352 352
Net income added to retained earnings 4,358 4,658
Beginning retained earnings 27,460 22,802
Ending retained earnings $ 31,818 $ 27,460

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.)

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