Exercise $16-3($Algo$)$ Financial Ratios for Asset Management $[$LO$16-3]$

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 $600,000$ shares of common stock were outstanding. The interest rate on the bond payable was $10\%,$ the income tax rate was $40\%,$ and the dividend per share of common stock was $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company's common stock at the end of this year was $$28.$ All of the company's sales are on account.

$\backslash$table$[[\backslash$table$[[$Weller Corporation$],[$Comparative Balance Sheet$],[($dollars in thousands$)]],\backslash$table$[[$This$],[$Year$]],$Last Year$],[$Assets$],[$Current assets:$],[$Cash$,$$$1,090,$$$1,240$