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 800,000 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 $18. All of the company's sales are on account. Weller Corporation Required: Compute the following financial data for this year: 1. Gross margin percentage. Note: Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3). 2. Net profit margin percentage. Note: Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3). 3. Return on total assets. Note: Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3). 4. Return on equity. Note: Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34)
Other questions asked by students
How does exercise effect your body? Provide 3 ways and fully explain.
1)A cylindrical water-tank has a small hole 60cm above the floor on which the tank stands....
ease select the patterns of direct contact transmission of infectious dis Check All That Apply...
in the blanks with the an app e two unit fractions that relate he two...
Determine the price of a $1.5 million bond issue under each of the following independent...
Ecker Company reports $1,375,000 of net income and declares $192,500 of cash dividends on its...
The share classes are as follows: LP1=B, LP2=B, and LP3=A. Question 1: How would you...