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Please show your work and calculate the Equity multiplier Saved Help Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December

Please show your work and calculate the Equity multiplier

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Saved Help 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 600,000 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 this year was $23. 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, 120 $ 1, 370 Accounts receivable, net 9 , 900 7, 700 Inventory 13 , 000 12, 300 Prepaid expenses 67 510 Total current assets 24, 690 21, 880 Property and equipment: Land 9 , 700 9 , 700 Buildings and equipment, net 45, 002 39, 796 Total property and equipment 54, 702 49 , 496 Total assets $79, 392 $71, 376 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19, 300 $19, 300 Accrued liabilities 1, 060 780 Notes payable, short term 190 Total current liabilities 20, 360 20, 270 Long-term liabilities: Bonds payable 8,900 8, 900 Total liabilities 29, 260 29, 170 Stockholders' equity: Common stock 2, 000 2, 000 Additional paid-in capital 4,000 4, 000 Total paid-in capital 6, 000 6, 000 Retained earnings 44, 132 36, 206 Total stockholders' equity 50, 132 42, 206 Total liabilities and stockholders' equity $79, 392 $71, 376 Wallor fornaration

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