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Please answer ALL Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not
Please answer ALL
Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 500.000 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 $1.25 last year and $0.90 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. Compute the following financial ratios for this year: Times interest earned ratio. (Round your answer to 1 decimal place.) Debt-to-equity ratio. (Round your answer to 2 decimal places.) Equity multiplier. (Round your answer to 2 decimal places.)Step by Step Solution
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