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Comparauve nancial Statements for weer Corporauon, a merchandising company, or une year ending December 31 appear below The company did not issue any new common
Comparauve nancial Statements for weer Corporauon, a merchandising company, or une year ending December 31 appear below The company did not issue any new common stock during the year. A total of 860,000 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 $21. 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 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 $976 $1,920 15,000 10,050 10,000 8,440 1,860 2,220 27,836 22,630 6,600 6,600 19,800 19,600 26,400 26,200 $ 54,236 $40,830 $10,100 720. $8,600 1,000 360 360 11,180, 9,960 6,250 6,250 17,430 16,210 860 860 4,500 4,500 5,360 5,360 27,260 32,620 31,446 16,806 $ 54,236 $ 48,010 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 85,000 55,000 Last Year $ 80,000 51,000 29,000 Sales Cost of goods sold) Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income 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 Required: es Compute the following financial data for this year: 30,000 9,100. 8,600 12,600 11,600 21,700 20,200 8,300 7,550 750 8,800 750 8,050 3,020 3,220 4,530 4,830 344 688 4,186 27,260 $31,446 4,142 23,118 $ 27,260 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 3. Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 4. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage: 2. Net profit margin percentage 3. Return on total assets 4 Return on equity % % %
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