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 930,000 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 $24.50. All of the company’s sales are on account.Required:Compute the following financial data for this year to fill the table:A. Earnings per share. (Round your answer to 2 decimal places.)B. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.)C. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.)D. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.)E. Book value per share. (Round your answer to 2 decimal places.) Weller CorporationComparative Balance Sheet(dollars in thousands)This Year Last YearAssetsCurrent assets:CashAccounts receivable, netInventoryPrepaid expensesTotal current assets$ 4,03815,70010,3501,93032,018$ 4,14010,4008,7202,36025,620Property and equipment:LandBuildings and equipment, netTotal property and equipment7,30020,50027,800$59,8187,30020,30027,600$53,220Total assetsLiabilities and Stockholders'EquityCurrent liabilities:Accounts payableAccrued liabilitiesNotes payable, short termTotal current liabilitiesLong-term liabilities:Bonds payableTotal liabilitiesStockholders' equity:Common stockAdditional paid-in capitalTotal paid-in capitalRetained earningsTotal stockholders' equityTotal liabilities andstockholders' equity$10,800860430$ 8,9501,35043010,73012,0908,75020,8408,75019,4809304,8505,78033,19838,9789304,8505,78027,96033,740$59,818$53,220Weller CorporationComparative Income Statement and Reconciliation(dollars in thousands)This Year Last YearSalesCost of goods soldGross marginSelling and administrative$92,00058,50033,500$87,00054,50032,500expenses:Selling expensesAdministrative expensesTotal selling and administrative9,80013,3009,30012,30023,10021,600expensesNet operating incomeInterest expenseNet income before taxesIncome taxes10,4001,0509,3503,74010,9001,0509,8503,9405,9107445,610372Net incomeDividends to common stockholdersNet income added to retained5,2385,166earningsBeginning retained earningsEnding retained earnings27,960$33,19822,794$27,960 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 share2. Price-earnings ratio3. Dividend payout ratio%4. Dividend yield ratio%5. Book value per share

Name: Comparative financial statements for Weller Corporation, a merchandisi
Uploaded: 2022-11-22T13:58:24.000Z
Channel: Bartleby
Description: 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 930,000 shares of common stock were outstanding