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Exercise 14-2 (Algo) Financial Ratios for Assessing Liquidity [LO14- 2] Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31

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Exercise 14-2 (Algo) Financial Ratios for Assessing Liquidity [LO14- 2] 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 700,000 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 $0.75 last year and $0.40 this year. The market value of the companv's common stock at the end of this vear was r below. The company did not issue any new f 700.000 shares of common stock were nd payable was 10%, the income tax rate was mon stock was $0.75 last year and $0.40 this common stock at the end of this year was ccount. Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) Weller Corporation d ratios for this year: thousands.) 2 decimal places.) 2 decimal places.)

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