Exercise 14-3 (Algo) Financial Ratios for Asset Management [LO14-3] 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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $26. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, neti Total property and equipment Total assets t Liabilities and Stockholders' Equity This Year Last Year $1,260 9,500 13,800 260 25,620 $1,360 8,000 12,300 600 22,260 10,400 10,400 44,319 39,766 54,719 50,166 $ 80,339 $72,426 < Prev 4 of 5 Next >