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Help 4 5 points Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below The company did
Help 4 5 points 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 950,000 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, All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year look Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets: $770 $1,810 15,900 9,000 10,450 1,958 7,400 29,000 22,01 Property and equipment Land 7,500 7,500 Buildings and equipment, net 20,700 20,500 Total property and equipment 28,200 20,000 Total assets 557,270 $50,00 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable $11,000 $9,850 Accrued Liabilities 500 1,450 Notes payable, short ter 450 450 Total current Liabilities Long-term Liabilities: Bonds payable Total Liabilities Stockholders' equity Connon stock 12,358 10,950 5,000 17,350 5,000 15,950 954 958 Additional paid-in capital 4,950 4,958 Total paid-in capital 5,900 5,500 Retained earnings 34,020 28,168 Total stockholders' equity 39,920 34,060 Total liabilities and stockholders' equity: $57.270 $50,010 Sex Submit Check my work
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