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Exercise 14-6 Financial Ratios for Assessing Market Performance (L014-6] Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear

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Exercise 14-6 Financial Ratios for Assessing Market Performance (L014-6] 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 860,000 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 the year was $21.00. All of the company's sales are on account $ 976 15,000 10,000 1,860 27,836 $ 1,920 10,050 8,440 2,220 22,630 6,600 19,800 26,400 $54,236 6,600 19,600 26,200 $48,830 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 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total pald-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $10,100 720 360 11,180 $ 3,600 1,000 360 9,960 6,250 17,430 6,250 16,210 360 4,500 5,360 31,446 36,806 860 4,500 5,360 27,260 32,620 $48,830 $54,236 Local 11 Tear $85,000 55,000 30,000 $80,000 51,000 29,800 8,600 11,600 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 9,109 12,600 21,700 8,300 750 7,550 3,020 4,530 344 4,186 27,260 $31, 446 20,200 8,800 750 8,050 3,220 4,830 688 4, 142 23, 118 $27,260 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 answer to 2 decimal places.) 5. Book value per share (Round your answer to 2 decimal places.)

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