Save Ent SU Homework Exercise 16-2 (Algo) Financial Ratios for Assessing Liquidity (L016-2) 2 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 yeat 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 Inst year and $0,40 this year. The market value of the company's common stock at the end of this year was $29. All of the company's sales are on account Od This Year Last Year Wor $1,220 $ 1,3 10,900 7.000 13.500 12.500 EN 500 26 221230 9.5 9. 44 40.494 9,94 $ 10,191 372,244 wetter Corporation Comparative Balance Sheet (dollars in thousands Assets Current att Cash Accounts receivable, net Inventory Prepaid expenses Totat current assets Property and equipment Nildings and equipment, het Total property and equipment Total assets Liabilities and Stockholders' Equity Current abilities Accounts payable Accrued liabilities Notes payable, short tern Total current liabilities Long-tern Liabilities: fonds payable Total liabilities Stockholders equity: Connon stock Additional paid in capital Total paid-in capital Hetained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 19,700 $ 10,200 1.09 740 250 250 21,040 20,190 9,180 9,100 30.10 G 600 4.00 4,000 4,600 4,60 45,458 38.354 50.850 42.954 $ 80, 198 $ 72,244 M Question 2 - Homework #12 - Connect Hel Sad Homework #12 TOEL STOCKHOLoers equity Total liabilities and stockholders' equity 2, $ 10, 198 $ 72,244 2 0.8 points eBook Weller Corporation Comparative Incone Statement and Reconciliation dollars in thousands) This Year Last Year Sales $ 70,000 $ 64,000 Cost of goods sold 39,000 33,000 Gross margin 31,080 31,000 Selling and administrative expenses Selling expenses 11,800 19,500 Administrative expenses 6,500 2.000 Total selling and administrative expenses 17,500 12,500 Net operating Incone 13,500 13,500 Interest expense 910 910 Net Income before taxes 12,590 12,590 Income taxes 5,036 5,036 Net incone 7,554 7,554 Dividends to common stockholders 450 240 Net Income added to retained earnings 7,104 7.314 Beginning retained earnings 38,354 31,040 Ending retained earnings $.45,458 $ 38,354 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. Acid-test ratio