Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer question clear. thank you Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company
Please answer question clear. thank you
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 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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $21.00. All of the company's sales are on account. Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities \begin{tabular}{rr} $10,100 & $8,600 \\ 720 & 1,000 \\ 360 & 360 \\ \hline 11,180 & 9,960 \end{tabular} Long-term liabilities: Bonds payable Total liabilities \begin{tabular}{rr} 6,250 & 6,250 \\ \hline 17,430 & 16,210 \\ \hline \end{tabular} Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital \begin{tabular}{rr} 860 & 860 \\ 4,500 & 4,500 \\ \hline 5,360 & 5,360 \end{tabular} Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} 31,446 & 27,260 \\ \hline 36,806 & 32,620 \\ \hline$54,236 & $48,830 \\ \hline \hline \end{tabular} Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 3. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 4. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.) Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 3. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 4. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started