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 990,000 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 $27.50. 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, net Total property and equipment Total assets This Year Last Year $ 5,834 $ 6,650 16,300 9,200 10,650 8,960 1,990 2,480 34,774 27,290 7,900 7,900 21,100 20,900 29,000 28,800 $ 63,774 $ 56,090 Notes payable, short term Long-term liabilities: Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Total current liabilities Bonds payable $ 11,400 980 490 12,870 $ 9,250 1,650 490 11,390 10,000 10,000 Total liabilities. 22,870 21,390 Stockholders' equity: Common stock 998 990 Additional paid-in capital 5,150 5,150 Total paid-in capital 6,140 6,140