Exercise 16-6 (Algo) Financial Ratios for Assessing Market Performance [LO16-6] 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 890,000 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 $22.50. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year 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 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: $ 4,774 15,300 $ 5,550 10,200 10,150 8,560 1,890 2,280 32,114 26,590 6,900 6,900 20,100 19,900 27,000) 26,800 5 59,114 $ 53,390 $ 10,400 780 390 $ 8,750 1,150 390 11,570 10,290 10,000 10,000 21,570 20,290 890 890 4,650 4,650 5,540 5,540 32,004 27,560 37,544 33,100 Total liabilities and stockholders' equity $ 59,114 $ 53,390 Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity