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Comporative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The compony did not issue any common stock
Comporative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The compony did not issue any common stock during the yeor. A totsl of 700,000 shares of common stock were outstanding. The interest rate on the bond poysble wos 10%, the income tox rate wos 40%, and the dividend per shore of common stock wos $0.75 last year and $0.40 this year. The morket value of the compony's common stock at the end of this year was \$24. All of the compony's sales ore on sccount. Required: Compute the following financial data and ratios for this year: 1. Working copitol. Note: Enter your answer In thousands. 2 Current rotio. Note: Round your answer to 2 declmal places. 3. Acid-test ratio
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