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& 14) Saved Help Save & Exit Submit Check my work 00 15 points eBook References 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 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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of the year was $26. 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 $ 1,230 $ 1,340 Accounts receivable, net 10,900 7,400 13, 100 12,200 Prepaid expenses 690 Total current assets 25,20 21,560 Property and equipment Land 10,600 10,600 Buildings and equipment, net 44,260 40.245 Total property and equipment 134,860 5045 Total assets $80,780 572.4e5 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19,500 $19,100 Accrued abilities 960 83e Notes payable, short term 25 250 Total current liabilities 20,710 20,180 Long-tern Llabilities: Bonds payable 9,04 9,000 Total Liabilities 29,71029180 Stockholders equity! Connon stock 500 500 Additional paid-in capital 4.000 TE ME GW HW3: (Ch 5 & 14) Connect Seved Help Save & EX Submit 00 Check my work 15 points Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders Common stock Additional paid-in capital Total paid-in capital Retained Total stockholders' equity earnings Total liabilities and stockholders' equity $19,500 960 250 20,710 9,000 29,710 $19, 100 83e 258 20,180 9,000 ders' equity 5ee 4,888 4,500 46,570 51,070 580,780 see 4,000 4,500 30,725 43225 $72, 405 Derences welter Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales This Year Last Year 109,000 $66,000 Cost of goods sold 37.00 34.de Gross margin Selling and administrative expenses Selling expenses 10,900 10,700 Administrative expenses 6,500 6300 Total selling and administrative expenses Niet operating income 15,000 Interest expense See Net Income before taxes 13,700 14,100 Income taxes 5,640 Net Income 8,220 Dividends to common stockholders 375 375 Net Income added to retained earnings 7,845 8,15 Beginning retained earnings 30. 25 Seved Help Save & Ext Submit 00 TULOS Check my work This Year Last Year $69.000 $66,000 37,600 34,000 32,600 32,000 1.5 points Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net incone before taxes Income taxes Net income Dividends to common stockholders Net Income added to retained earnings Beginning retained earnings Ending retained earnings look 10.900 10,700 6,500 6,380 1,420 17.00 15,000 900 900 14,100 5,480 8,220 8,460 375 375 7.845 8,885 38,225 10.640 $46,570 $38,725 14,600 13,700 Hint 3.540 Prim References Required: Compute the following financial data and ratios for this year: 1. Working capital (Enter your answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) 1. Working capital 2 Current ratio 3. Aldtstratio M Gr HE 25