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 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 $2450. All 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 $ 4,038 15,700 Inventory 10,400 Prepaid expenses 10.350 8,720 19 2,360 Total current assets 1,018 25,60 Property and equipment Land 2,300 Buildings and equipment, net 20.500 20.100 Total property and equipent 22. 27 Total assets $59,818 $53,220 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $10,000 $ 8,95 Accrued liabilities 160 1.750 430 41 Notes payable, short tern Total current liabilities 12.09 10,730 Long-ters liabilities: 2.750 8,75 Bonds payable 10.480 Total 11 abilities Stockholders' equity 930 Common stock 4,850 4.se Additional paid in capital 5,78 Total paid in capital 3.198 27,960 Retained earnings Total stockholders' equity 559,811 $53,220 Total liabilities and stockholders equity 20 Weller Corporation Comparative Income Statement and Reconciliation Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales This Year Last Year $92,080 Cost of goods sold 587.000 58. See Gross margin 54,5ee 33,500 32,500 Selling and administrative expenses: Selling expenses 9.80 9,300 Administrative expenses 13,30 12,300 Total selling and administrative expenses 23,100 21,600 Net operating income 10,400 10,900 Interest expense 1.050 1,050 Net Income before taxes 9,35e 9,850 Income taxes 3.740 3,940 Net Income 5,610 5,910 Dividends to common stockholders 372 744 Net income added to retained earnings 5,238 5,166 Beginning retained earnings 27.960 Endine retained earnings $33,198 $27,960 22,794 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.) 1. Earnings per share 2 Price-camnings ratio 3. Dividend payout ratio 4. Dividend yield ratio 5. Book value per share
