Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Questions: 1. Earnings Per share? (round to 2 decimal places) 2. Price Earnings Ratio? (2 decimals) 3. Dividend payout ratio % (2 decimal) 4. Dividend
Questions:
1. Earnings Per share? (round to 2 decimal places)
2. Price Earnings Ratio? (2 decimals)
3. Dividend payout ratio % (2 decimal)
4. Dividend yield ratio % (2 decimal)
5. Book value per share (2 decimal)
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 960,000 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 S0.40 this year. The market value of the company's common stock at the end of the year was $26.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: 2,036 3,020 9,050 Accounts receivable, net Inventory Prepaid expenses 10,500 1,960 30,496 Total current assets Property and equipment: Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: 20,800 28,400 $58,896 20,600 28, 200 $51,530 Accounts payable $11,100 9,100 920 460 Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: 460 Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders equity 40,166 $58,896 $51,530 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $95,000 $90,000 56,000 34,000 ales Cost of goods sold Gross margin Selling and administrative expenses: 60,000 35,000 Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings 23109 22,2040 75e 23,700 750 10,550 4.220 1,050 420 630 768 5,862 28,260 Ending retained earnings $34,206 $28,260
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