Exercise 13-3 Financial Ratios for Asset Management [L013-3] Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new common stock during the year. A otal of 700,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%,the incomo tax rate was 40%, and the dvidend per share ofcommon 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 $26. All of the company's saies are on account Comparative Balance Sheet (dolars in thousands) This Year Last Year Assets Current assets: S 1,100 1,380 9,600 7.200 13,300 11300 590 Cash Accounts receivable, net Prepaid experses 750 Total current assets 24,760 20470 Property and equipment 9,300 9,300 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity 45,34738,683 54,64747,983 $79.397 $68,453 Curent labilities Accounts payable Accrued iabilities Notes payable, short term $20,300 $ 19,300 820 1,060 270 270 21,630 20,390 8.200 8.200 29,830 28,590 Total current liabilities Long-Herm liabilitios Bonds payable Total labilities Common stock Addtional paid-in capital 700 4,000 700 4,000