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

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Accounting

Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 870,000 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 $0.40. The market value of the companys common stock at the end of the year was $21.50. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
This Year Last Year
Assets
Current assets:
Cash $ 2,242 $ 3,130
Accounts receivable, net 15,100 10,100
Inventory 10,050 8,480
Prepaid expenses 1,870 2,240
Total current assets 29,262 23,950
Property and equipment:
Land 6,700 6,700
Buildings and equipment, net 19,900 19,700
Total property and equipment 26,600 26,400
Total assets $ 55,862 $ 50,350
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 10,200 $ 8,650
Accrued liabilities 740 1,050
Notes payable, short term 370 370
Total current liabilities 11,310 10,070
Long-term liabilities:
Bonds payable 7,500 7,500
Total liabilities 18,810 17,570
Stockholders' equity:
Common stock 870 870
Additional paid-in capital 4,550 4,550
Total paid-in capital 5,420 5,420
Retained earnings 31,632 27,360
Total stockholders' equity 37,052 32,780
Total liabilities and stockholders' equity $ 55,862 $ 50,350

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
This Year Last Year
Sales $ 86,000 $ 81,000
Cost of goods sold 55,500 51,500
Gross margin 30,500 29,500

Selling and administrative expenses:
Selling expenses 9,200 8,700
Administrative expenses 12,700 11,700
Total selling and administrative expenses 21,900 20,400
Net operating income 8,600 9,100
Interest expense 900 900
Net income before taxes 7,700 8,200
Income taxes 3,080 3,280
Net income 4,620 4,920
Dividends to common stockholders 348 348
Net income added to retained earnings 4,272 4,572
Beginning retained earnings 27,360 22,788
Ending retained earnings $ 31,632 $ 27,360

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.)

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