X X + V Mail - Autumn M Ploof - Outlook X F McGraw Hill Connect Question 1 - Ch16 HW - Connect X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmi... @ * A Paused Update Apps Scholarships for Jac... Human Resources S... @ Mid-term Grades -... S Housing Bb Blackboard Learn Corporate Secretarial potential christmas.. DNM Properties L.L.. Reading list Ch16 HW Saved Help Save & Exit Submit Check my work 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 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 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $27. All of the company's sales 2 are on account. points Weller Corporation Comparative Balance Sheet eBook (dollars in thousands) This Year Last Year Hint Assets Current assets: Print Cash $ 1, 280 $ 1, 360 Accounts receivable, net 9 ,300 8, 200 References Inventory 12, 506 12, 400 Prepaid expenses 710 660 Total current assets 23,790 22, 620 Property and equipment : Land 10, 700 10, 700 Buildings and equipment, net 42, 100 33,020 Total property and equipment 52, 800 43, 720 Total assets $76,590 $66, 340 Liabilities and Stockholders Equity Current liabilities: Accounts payable $20, 100 $19, 100 Accrued liabilities 1, 060 340 Notes payable, short term 300 300 Total current liabilities 21 , 460 20 . 246 Mc Graw Hill 7:36 PM Type here to search O a hulu N CA 28 310F A 9 8 4 12/13/2021Mail - Autumn M Ploof - Outlook X F McGraw Hill Connect X Question 1 - Ch16 HW - Connect X + V X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmi... @ * A Paused Update Apps Scholarships for Jac... Human Resources S... e Mid-term Grades -... S Housing Bb Blackboard Learn Corporate Secretarial potential christmas.. @ DNM Properties L.L.. Reading list Ch16 HW Saved Help Save & Exit Submit Check my work Long-term liabilities: Bonds payable 8,090 8,090 Total liabilities 29,460 28 , 240 Stockholders' equity: Common stock 600 600 2 Additional paid-in capital 4, 090 4,000 Total paid-in capital 4, 600 4, 600 points Retained earnings 42,530 33, 500 Total stockholders' equity 47, 130 38, 100 Total liabilities and stockholders' equity $76,590 $66, 340 eBook Hint Weller Corporation Print Comparative Income Statement and Reconciliation (dollars in thousands) References This Year Last Year Sales $75,000 $64,000 Cost of goods sold 40, 000 41, 000 Gross margin 35, 000 23,900 Selling and administrative expenses: Selling expenses 11, 200 10,800 Administrative expenses 7, 200 6,400 Total selling and administrative expenses 18, 400 17, 200 Net operating income 16, 600 5, 800 Interest expense 800 800 Net income before taxes 15, 800 5,000 Income taxes 6, 320 2,000 Net income 9, 480 3,000 Dividends to common stockholders 450 240 Mc Graw Hill 7:36 PM Type here to search O a hulu N CA 28 310F A 9 8 4 12/13/2021Mail - Autumn M Ploof - Outlook X F McGraw Hill Connect X Question 1 - Ch16 HW - Connect X + V X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmi... @ * A Paused Update Apps Scholarships for Jac... Human Resources S... @ Mid-term Grades -... S Housing Bb Blackboard Learn Corporate Secretarial potential christmas. @ DNM Properties L.L.. Reading list Ch16 HW Saved Help Save & Exit Submit Check my work Net income 9, 480 3,000 Dividends to common stockholders 450 240 Net income added to retained earnings 9, 030 2,760 Beginning retained earnings 33,500 30,740 Ending retained earnings $42, 530 $33, 500 2 points Required: Compute the following financial data and ratios for this year: eBook Hint 1. Working capital. (Enter your answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) Print 3. Acid-test ratio. (Round your answer to 2 decimal places.) References 1. Working capital 2. Current ratio 3. Acid-test ratio Mc Graw Prey. 1 of 5 Next > Hill 7:36 PM Type here to search a hulu N CA 28 310F A 9 8 4 12/13/2021