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Exercise 14-6 (Algo) Financial Ratios for Assessing Market Performance [LO14-6] Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31

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Exercise 14-6 (Algo) Financial Ratios for Assessing Market Performance [LO14-6] 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 970,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, 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 $26.50. All of the company's sales are on account. Burua payante Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statemont and Reconeiliation (dollars in thousands) Sales Coat of goods sold Gross margin Selling and administrative expenses: selling expenses Administrative expenses Total selling and administrative expenses Net oporating income Interest expense Net income before taxes Income taxes Net incoee Dividends to common stockholders Net income added to rotained earnings Beginning retained earnings Ending retained earnings \begin{tabular}{rr} This Year & Last Year \\ $96,000 & $91,000 \\ 60,500 & 56,500 \\ \hline 35,500 & 34,500 \\ \hline 10,200 & 9,700 \\ 13,700 & 12,700 \\ \hline 23,900 & 22,400 \\ \hline 11,600 & 12,100 \\ 900 & 900 \\ \hline 10,700 & 11,200 \\ 4,280 & 4,480 \\ \hline 6,420 & 6,720 \\ 389 & 776 \\ \hline 6,032 & 5,944 \\ 28,360 & 22,416 \\ \hline$34,392 & $28,360 \end{tabular} Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 3. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 4. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.)

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