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Help Save & Exit Submit 2 10 points Check my work mode: This shows what is correct or incorrect for the work you have
Help Save & Exit Submit 2 10 points Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 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 this year was $25. 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, et 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: $1,230 10,700 $1,330 7,200 12,700 688 12,500 530 25,310 21,568 9,300 9,300 48,564 41,162 57,864 58,462 $ 83,174 $ 72,022 $ 20,100 $ 18,600 980 240 888 21,320 248 19,720
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