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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending...

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Accounting

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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 500,000 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 $26. All of the company's sales are on account. Requlred: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer In thousends.) 2 Current ratio. (Round your answer to 2 declmal pleces.) 3. Acid-test ratio. (Round your answer to 2 decimal pleces.)

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