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. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1.289 $ 1.568 12.3899 .189 9.zee 8, 289 1.882 , 180 25,080 20,960 6.00 19,200 25, 280 $50, 280 6,00 19.000 25,000 $45,960 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' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 9.5ee 68e 3e0 19,480 $ 8, 380 7ee BPA 9,380 5,000 15,480 5,000 14,380 see see 4, 2004 , 200 5.080 5.000 29,880 26,660 34.882 31,660 $59.280 $45.960 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $79.99 $74.999 Cost of goods sold 52,080 48.000 Gross margin 27,080 26,000 Selling and administrative expenses: Selling expenses 8. see 8eae Administrative expenses 12.ee 11,000 Total selling and administrative expenses 20,580 19,000 Net operating income 6,500 7.ee Interest expense 600 Net income before taxes 5.900 6,40e Income taxes 2,360 2,560 Net income 3.540 3,840 Dividends to common stockholders Net income added to retained earnings 3,220 3,240 Beginning retained earnings 26,668 23,420 Ending retained earnings $29,880 $26,660 688 320 622 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 Intermedlate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.)
