Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31...
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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 820,000 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 $19.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 3,812 12,500 9,800 1,820 27,932 $ 3,980 9,200 8,280 2,140 23,600 6,200 19,400 25,600 $ 53,532 6,200 19,200 25,400 $ 49,000 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 $ 9,700 640 320 10,660 $ 8,400 800 320 9,520 7,500 18,160 7,500 17,020 820 4,300 5,120 30,252 35,372 $ 53,532 820 4,300 5,120 26,860 31,980 $ 49,000 Last Year $ 76,000 49,000 27,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 81,000 Cost of goods sold 53,000 Gross margin 28,000 Selling and administrative expenses : Selling expenses 8,700 Administrative expenses 12,200 Total selling and administrative expenses 20,900 Net operating income 7,100 Interest expense 900 Net income before taxes 6,200 Income taxes 2,480 Net income 3,720 Dividends to common stockholders 328 Net income added to retained earnings 3,392 Beginning retained earnings 26,860 Ending retained earnings $ 30,252 8,200 11,200 19,400 7,600 900 6,700 2,680 4,020 656 3,364 23,496 $ 26,860 Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 3. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 4. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.) 1. Earnings per share 2. Price-earnings ratio 3. Dividend payout ratio 4. Dividend yield ratio 5. Book value per share % %
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