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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31...

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Accounting

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 700,000 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 $30. All of the company's sales
are on account.
Weller Corporation
Comparative Income Statement and Reconciliation
(dollars in thousands)
Sales
Cost of goods sold
Gross margin
Selling and administrative expenses:
Selling expenses
Administrative expenses
Total selling and administrative expenses
Net operating income
Interest expense
Net income before taxes
Income taxes
Net income
Dividends to common stockholders
Net income added to retained earnings
Beginning retained earnings
Ending retained earnings
Requlred:
Compute the following financial data and ratios for this year:
Working capital. (Enter your onswer In thousands.)
2 Current ratio. (Round your answer to 2 declmal places.)
Acid-test ratio. (Round your onswer to 2 decimal ploces.)
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