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Please answer every part and thank you for the hard work. Comparative financial statements for Weller Corporstion, a merchandising company, for the fiscsl year ending
Please answer every part and thank you for the hard work.
Comparative financial statements for Weller Corporstion, a merchandising company, for the fiscsl year ending December 31 appesr below. The compsny did not issue any new common stock during the year. A total of 860,000 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 $0.40. The market value of the company's common stock at the end of the year was 521.00. All of the company's sales are on account. Weller Corporstion Comperative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: S 976 S1,920 15,000 10,050 8,440 1,860 2,220 Accounts receivable, net 10,000 Prepaid expenses Total current assets 27,836 22,630 Property and equipment Land Buildings and equipment, net 6,600 8,800 19,800 19,600 28,400 26,200 S54,236 48,830 Total property and equipment Total assets Liabilities and Stockholders' Equity Current isbilities: Accounts payable Accrued liabilites $10,100 S 8,600 1,000 Notes payable, short term Total current ligbilities Long-term lisbilities: Bonds payable 11,180 6,250 17,430 18,210 9,980 6,250 Total lisbilities Common stock Additional paid-in capital 4,500 4,500 Total paid-in capital Retained earnings 5,380 5,380 31,448 27,280 2,620 $54,236 $48,830 Total stockholders' equity 6,806 Total lisbilities and stockholders' equityStep by Step Solution
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