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The Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any
The 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 500,000 shares of common stock were outs interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock wa year and $0.40 this year. The market value of the company's common stock at the end of this year was $25. All of the company's sale- are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) jast 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 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: 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 This Year Last Year $ 1,150 9,700 $ 1,330 12,600 8,100 11,600 720 570 24,170 21,600 10,100 10,100 51,883 39,794 61,983 49,894 $ 86,153 $ 71,494 $ 20,300 1,030 210 21,540 $ 17,600 870 210 18,680 9,100 30,640 9,100 27,780 500 500 4,000 4,000 4,500 4,500 51,013 55,513 $ 86,153 39,214 43,714 $ 71,494
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