Comparative financial statements for Weller Corporation, a merchandising for the year ending December 31 appear below. The company did not issue common stock during the year. A total of 940,000 shares of common stock outstanding. The interest rate on the bond payable was 12%, the income ta was 40%, and the dividend per share of common stock was $0.75 last year $0.40 this year. The market value of the company's common stock at the e year was $25.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $5,304 $5,350 Accounts receivable, 15,800 10,450 net Inventory Prepaid expenses 10,400 8,760 1,940 2,380 Total current assets 33,444 26,940 Property and equipment: Land Buildings and equipment, net 7,400 7,400 20,600 20,400 28,000 27,800 $61,444 $54,740 Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $10,900 $ 9,000 880 1,400 440 440 Total current liabilities Long-term liabilities: 12,220 10,840 Bonds payable 10,000 10,000 22,220 20,840 940 4,900 4,900 Total paid-in capital 5,840 5,840 Total liabilities Stockholders' equity: Common stock Additional paid-in capital 940 Retained earnings 33,384 28,060 Retained earnings lotal stockholders38884 28,060 39,224 33,900 equity Total liabilities and $61,444 $54,740 stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Last Year elinein Solds93ear administrative Sales Cost of goods sold Gross margin $93,000 $88,000 59,000 55,000 34,000 33,000 expenses: Selling expenses 9,9009,400 13,400 12,400 Administrative expenses Total selling and administrative expenses Net operating income 10,700 11,200 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 23,300 21,800 1,200200- 1,200 9,500 10,000 3,8004,000 6,000 752 5,7006, 376 5,324 5,248 28,060 22,812 $33,384 $28,060 Beginning retained earnings Ending retained earnings 28,060 22,812 $33,384 $28,060 equired Compute the following financial data for this year: . 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.) . Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.) Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.) . Book value per share. (Round your answer to 2 decimal places.) Earnings per share Price 2 earnings ratio Dividend navnit ratin 3
