Mail - Autumn M Ploof - Outlook X F McGraw Hill Connect X Question 3 - Ch16 HW - Connect X + V X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmi... @ * A Paused Update Apps Scholarships for Jac... Human Resources S... @ Mid-term Grades -... Housing Bb Blackboard Learn Corporate Secretarial potential christmas.. DNM Properties L.L.. Reading list Ch16 HW Saved Help Save & Exit Submit Check my work 3 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 $27. All of the company's sales 2 are on account. points Weller Corporation Comparative Balance Sheet eBook (dollars in thousands) This Year Last Year Hint Assets Current assets: Print Cash $ 1, 250 $ 1, 290 Accounts receivable, net 10, 006 6,700 References Inventory 13 , 090 11,900 Prepaid expenses 680 550 Total current assets 24,930 20, 440 Property and equipment: Land 9, 406 9,400 Buildings and equipment, net 44, 684 42, 182 Total property and equipment 54, 084 51, 582 Total assets $79, 014 $72,022 Liabilities and Stockholders Equity Current liabilities: Accounts payable $19, 090 $17 , 500 Accrued liabilities 970 770 Notes payable, short term 120 Total current liabilities 19,970 18, 390 Mc Graw Hill a 7:44 PM Type here to search O hulu N CA 28 31OF A 9 8 12/13/2021F McGraw Hill Connect Question 3 - Ch16 HW - Connect X V Mail - Autumn M Ploof - Outlook X X + X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmi... @ * A Paused Update Apps Scholarships for Jac... Human Resources S... e Mid-term Grades -... S Housing Bb Blackboard Learn Corporate Secretarial potential christmas.. @ DNM Properties L.L.. Reading list Ch16 HW Saved Help Save & Exit Submit Check my work 3 Long-term liabilities: Bonds payable 8,800 8,800 Total liabilities 28,770 27, 190 Stockholders' equity: Common stock 2, 090 2, 000 2 Additional paid-in capital 4,090 4,000 Total paid-in capital 6,090 6, 090 points Retained earnings 44, 244 38, 832 Total stockholders' equity 50, 244 44, 832 $79, 014 $72, 022 eBook Total liabilities and stockholders' equity Hint Weller Corporation Print Comparative Income Statement and Reconciliation (dollars in thousands) References This Year Last Year Sales $67,000 $65,000 Cost of goods sold 39, 000 35, 000 Gross margin 28, 000 30,000 Selling and administrative expenses: Selling expenses 10, 600 10, 200 Administrative expenses 7, 100 6,100 Total selling and administrative expenses 17, 700 16,300 Net operating income 10, 300 13, 700 Interest expense 880 380 Net income before taxes 9, 420 12, 820 Income taxes 3, 768 5, 128 Net income 5, 652 7, 692 Dividends to common stockholders 240 300 Mc Graw Hill Type here to search O a 7:44 PM hulu N CA 28 31OF A 9 8 12/13/2021Mail - Autumn M Ploof - Outlook X F McGraw Hill Connect X Question 3 - Ch16 HW - Connect X + V X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmi... @ * A Paused Update Apps Scholarships for Jac... Human Resources S... @ Mid-term Grades -... S Housing Bb Blackboard Learn Corporate Secretarial potential christmas.. @ DNM Properties L.L.. Reading list Ch16 HW Saved Help Save & Exit Submit Check my work 3 Dividends to common stockholders 240 300 Net income added to retained earnings 5, 412 7,392 Beginning retained earnings 38, 832 31, 440 Ending retained earnings $44, 244 $38, 832 2 points Required: Compute the following financial ratios for this year: eBook 1. Times interest earned ratio. Hint 2. Debt-to-equity ratio. 3. Equity multiplier. Print (For all requirements, round your answers to 2 decimal places.) References 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier Mc Graw Hill Type here to search a hulu N 7:44 PM CA 28 31OF A 9 8 12/13/2021