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Please show workings, thank you! :) Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company
Please show workings, 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 810,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 12%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $18.50. 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 Accounts receivable, net Inventory Prepaid expenses $ 2,546 12,400 9,750 1,810 $ 2,770 9,150 8,240 2,120 Total current assets 26,506 22,280 Property and equipment: Land Buildings and equipment, net 6,100 19,300 6,100 19,100 Total property and equipment 25,400 25,200 Total assets $51,906 $ 47,480 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $ $ 9,600 620 310 8,350 750 310 10,530 Total current liabilities Long-term liabilities: Bonds payable 9,410 6,250 6,250 Total liabilities 16,780 15,660 Stockholders' equity: Common stock Additional paid-in capital 810 4,250 810 4,250 Total paid-in capital Retained earnings 5,060 30,066 5,060 26,760 35,126 31,820 Total stockholders' equity Total liabilities and stockholders' equity $51,906 $ 47,480 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $80,000 Cost of goods sold 52,500 Last Year $75,000 48,500 Gross margin 27,500 26,500 Selling and administrative expenses: Selling expenses Administrative expenses 8,600 12,100 8,100 11,100 Total selling and administrative expenses 20,700 19,200 Net operating income Interest expense 6,800 750 7,300 750 Net income before taxes Income taxes 6,050 2,420 6,550 2,620 Net income Dividends to common stockholders 3,630 324 3,930 648 Net income added to retained earnings Beginning retained earnings 3,306 26,760 3,282 23,478 Ending retained earnings $30,066 $ 26,760 Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) Earnings per share 2. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) Price-earnings ratio 3. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.) Dividend payout ratio 4. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.) Dividend yield ratio 5. Book value per share. (Round your answer to 2 decimal places.) Book value per share
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