Help Save & et S Exercise 14-2 Financial Ratios for Assessing Liquidity [LO14-2] Check my 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 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, 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 $24. All of the company's sales are on account Woller Corporation Comparative Balance Sheet (dollars in thousands This Year Last Year $ 1,260 9,400 12,000 690 23, 350 $ 1,230 8,105 12,000 500 21.00 10,300 32.698 52.291 576,343 10,300 39,444 49.744 571,574 Assets Current assets: Canh Accounts receivable, not Inventory Prepaid expenses Total current assets Property and equipment Land Buildings and equipment, net Total property and equipment Total auto Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term 11 LLOBE Bonds payable Total liabilities stockholders' equity Common stock Additional paid in capital Total paid in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $19.400 1,070 130 20,600 $18, 100 770 130 19.000 39/200 2.600 28.600 600 4,000 4.600 41,548 46.248 $76,349 600 4.000 4.600 30,174 42,07 571,574 3 Total stockholdersequity Total liabilities and stockholders' equity 46,748 $76,348 42,974 571, 574 its Book Weller Corporation Comparative Income statement and Reconciliation (dollars in thousands This Year Laut Year Sales $67,000 $65,000 Cost of goods sold 43.000 34.000 Grons margin 24,000 31.000 Selling and administrative expenses Selling expenses 10.600 10,500 Administrative expenses 6,400 6.400 Total selling and administrative expenses 17,000 16.900 Net operating Incos 7,000 16,109 Interest expense 960 960 Net Income before taxe 6.040 13,140 Income taxes 2.416 5,256 Net income 3.624 7,884 Dividends to comon stockholders 450 450 Net Income added to retained earnings 3.174 7.434 Beginning retained earning 38,374 30, 940 Ending retained earnings $41,548 $38,374 Hint Print ferences Required: Compute the following financial data and ratios for this year 1. Working capital. (Enter your answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio (Round your answer to 2 decimal places.) 1. Working capital 2 Current ratio 3 Acid-test ratio 2017 !!!! Next >