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Comparative financial statements for Woller Corporation, a merchandising company for the year anding December 31 appear below. The company did not issue any now common
Comparative financial statements for Woller Corporation, a merchandising company for the year anding December 31 appear below. The company did not issue any now common stock during the year. A total of 920,000 shares of common stock were outstanding. The interest rate on the band 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 the year was $24. All of the company's sales are on account Veller Corporation Comparative Balance (dollars ia thousands This Year Last Year Current auta: 52.722 Accounts receivable, 25.10 11.25 IT 2010 GOI Prepaid expen 1,920 2,34 Total current Property and equipment: 7,210 7,200 ausdinge and equipment, at 20,410 21,201 Total property and equipoest Total wat Liabilities and Stockholders' Equity Current liabilities: Accounts payable $10,710 58.100 Roemd Blabslities 3,200 Sotas payable, short ter Total current li abstses Long-ters liabilities onde payable 3,500 Total abilities Stockholm quity 920 Additional paid in capital 4. bio 1,108 Total paid in capital Ratandaarning 23.02 Total stockholders' equity Total liabilities and stockholders' equity 200 eller Corporation Comparative Income Statement and Reconciliation dollars is thoudel This Tear Lars Year Salas $81.00 cost of goods sold 54,00 Grain Selling and ada niatrative expenses Selling expose Adminitrative exp 9.242 12,200 Total welling and administrative expenses Setering income Interesten 900 Set income before taxes Set income Dividende te the Set income added to retained earnings Beginning retained earniaga Ending related earninga Required Compute the following financial data for this year: 1. Gross margin percentage (Round your percentage answer to 1 decimal place fi... 0.1234 should be entered as 12.31.) 2 Net profit margin percentage Round your percentage answer to 1 decimal place fie, 0.1234 should be entered as 12.31.) 3. Return on total assets. (Round your percentage answer to 1 decimal place (ie., 0.1234 should be entered as 12.31.) 4. Return on equity. Round your percentage answer to 2 decimal places lie, 0.1234 should be entered as 12.3411 1. Gorgercentage 2Nprogin percent montas 14.monequity 1527 Comparative financial statements for Woller Corporation, a merchandising company for the year anding December 31 appear below. The company did not issue any now common stock during the year. A total of 920,000 shares of common stock were outstanding. The interest rate on the band 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 the year was $24. All of the company's sales are on account Veller Corporation Comparative Balance (dollars ia thousands This Year Last Year Current auta: 52.722 Accounts receivable, 25.10 11.25 IT 2010 GOI Prepaid expen 1,920 2,34 Total current Property and equipment: 7,210 7,200 ausdinge and equipment, at 20,410 21,201 Total property and equipoest Total wat Liabilities and Stockholders' Equity Current liabilities: Accounts payable $10,710 58.100 Roemd Blabslities 3,200 Sotas payable, short ter Total current li abstses Long-ters liabilities onde payable 3,500 Total abilities Stockholm quity 920 Additional paid in capital 4. bio 1,108 Total paid in capital Ratandaarning 23.02 Total stockholders' equity Total liabilities and stockholders' equity 200 eller Corporation Comparative Income Statement and Reconciliation dollars is thoudel This Tear Lars Year Salas $81.00 cost of goods sold 54,00 Grain Selling and ada niatrative expenses Selling expose Adminitrative exp 9.242 12,200 Total welling and administrative expenses Setering income Interesten 900 Set income before taxes Set income Dividende te the Set income added to retained earnings Beginning retained earniaga Ending related earninga Required Compute the following financial data for this year: 1. Gross margin percentage (Round your percentage answer to 1 decimal place fi... 0.1234 should be entered as 12.31.) 2 Net profit margin percentage Round your percentage answer to 1 decimal place fie, 0.1234 should be entered as 12.31.) 3. Return on total assets. (Round your percentage answer to 1 decimal place (ie., 0.1234 should be entered as 12.31.) 4. Return on equity. Round your percentage answer to 2 decimal places lie, 0.1234 should be entered as 12.3411 1. Gorgercentage 2Nprogin percent montas 14.monequity 1527
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