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The company did not issue any new common stock during the year. A total of 920,000 shares of common stock were outstanding. The interest
The company did not issue any new common stock during the year. A total of 920,000 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 $0.40 this year. The market value of the company's common stock at the end of this year was $24.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Current liabilities: Accounts payable Liabilities and Stockholders' Equity Accrued liabilities Notes payable, short term Total current liabilities Long-term Liabilities: Bonds payable Total liabilities. Stockholders' equity: Common stock Additional paid-in capital Retained earnings. Total paid-in capital Total stockholders' equity Total liabilities and stockholders' equity This Year Last Year $2,772 $2,930 15,600 10,350 10,300 8,680 1,920 2,340 30,592 24,300 7,200 7,200 20,400 20,200 27,600 27,400 $ 58,192 $ 51,700 $ 10,700 840 420 11,960 $ 8,900 1,300 420 10,620 7,500 7,500 19,460 18,120 920 920 4,800 4,800 5,720 5,720 33,012 27,860 38,732 33,580 $ 58,192 $ 51,700
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