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This Year Last Year $ 1,140 10,380 13,500 77e 25,712 $ 1,220 8.480 11,280 660 21,480 10,660 52,22e 62,820 $ 88,530 10,6ee 39,989 50, 580
This Year Last Year $ 1,140 10,380 13,500 77e 25,712 $ 1,220 8.480 11,280 660 21,480 10,660 52,22e 62,820 $ 88,530 10,6ee 39,989 50, 580 $ 72,060 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 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short tern Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Connon stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 20,200 960 $ 17,500 Bee 280 18,580 21,160 9,560 30,660 9,580 28,888 2.ee 4.689 6.680 51,870 57,870 $ 88,530 2,880 4,880 6,689 37.98 43,989 $ 72,860 Last Year $ 64,800 33,880 31,380 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 75,880 Cost of goods sold 33,000 Gross margin 42,000 Selling and administrative expenses: Selling expenses 10,789 Administrative expenses 6,882 Total selling and administrative expenses 17,500 Net operating income 24,500 Interest expense 950 Net income before taxes 23,550 Income taxes 9,420 Net income 14,130 Dividends to common stockholders 240 Net income added to retained earnings 13,899 Beginning retained earnings 37,988 Ending retained earnings $ 51,870 10,1ee 6. Bee 16,90 14.189 950 13,150 5,260 7,890 45e 7,440 30.540 $ 37,980 Required: Compute the following financial ratlos for this year: 1. Times Interest eamed ratio. 2 Debt-to-equity ratio. 3. Equity multiplier (For all requirements, round your answers to 2 decimal places.) 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier
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