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Required: Compute the following financial ratios for this year: 1. Tinies interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier. Weller Corporation Comparative Income Statement
Required: Compute the following financial ratios for this year: 1. Tinies interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier. Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales This Year Last Year Cost of goods sold Gross margin $79,000$74,000 Selling and administrative expenses: Selling expenses Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: \begin{tabular}{lrr} Cash & $1,280 & $1.560 \\ Accounts receivable, net & 12.300 & 9.100 \\ Inventory & 9.700 & 8.200 \\ Prepaid expenses & 1,800 & 2.100 \\ \hline Total current assets & 25.080 & 20,960 \\ \cline { 2 - 4 } & & \end{tabular} Property and equipment: Land Liabilities and Stockholders' Equity Current liabilities: \begin{tabular}{lrrr} Accounts payable & $9.500 & $8,300 \\ Accrued liabilities & 600 & 700 \\ Notes payable, short term & 300 & 300 \\ \cline { 2 - 3 } Total current liabilities & 10.400 & 9,300 \end{tabular} Long-term liabilities: \begin{tabular}{lrrr} Bonds payable & 5.000 & 5,000 \\ \hline Total liabilities & 15,400 & 14,300 \\ \cline { 2 - 3 } & & \end{tabular} Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital
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