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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 i Net income added to retained earnings i Beginning retained earnings Ending retained earnings Required: Compute the following financial data for this year: 1. Eamings per share 2. Price-earnings ratio 3. Dividend payout ratio 4. Dividend yield ratio This Year $ 96,000 60,500 35,500 % 10,200 13,700 23,900 11,600 900 10,700 4,280 6,420 388 6,032 28,360 $ 34,392 Last Year $ 91,000 56,500 34,500 9,700 12,700 22,400 12,100 900 11,200 4,480 6,720 776 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.) 5,944 22,416 $ 28,360

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 i Net income added to retained earnings i Beginning retained earnings Ending retained earnings Required: Compute the following financial data for this year: 1. Eamings per share 2. Price-earnings ratio 3. Dividend payout ratio 4. Dividend yield ratio This Year $ 96,000 60,500 35,500 % 10,200 13,700 23,900 11,600 900 10,700 4,280 6,420 388 6,032 28,360 $ 34,392 Last Year $ 91,000 56,500 34,500 9,700 12,700 22,400 12,100 900 11,200 4,480 6,720 776 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.) 5,944 22,416 $ 28,360

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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HELLCI LUI PUBLAVI 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 Required: Compute the following financial data for this year: 1. Earnings per share 2. Price-earnings ratio 3. Dividend payout ratio 4. Dividend yield ratio This Year $ 96,000 60,500 35,500 % % 10,200 13,700 23,900 11,600 900 10,700 4,280 6,420 388 6,032 28,360 $ 34,392 Last Year $ 91,000 56,500 34,500 9,700 12,700 22,400 12,100 900 11,200 4,480 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.) 6,720 776 5,944 22,416 $ 28,360
Transcribed Image Text:HELLCI LUI PUBLAVI 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 Required: Compute the following financial data for this year: 1. Earnings per share 2. Price-earnings ratio 3. Dividend payout ratio 4. Dividend yield ratio This Year $ 96,000 60,500 35,500 % % 10,200 13,700 23,900 11,600 900 10,700 4,280 6,420 388 6,032 28,360 $ 34,392 Last Year $ 91,000 56,500 34,500 9,700 12,700 22,400 12,100 900 11,200 4,480 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.) 6,720 776 5,944 22,416 $ 28,360
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 970,000 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 $26.50. All of the company's sales are on account. Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets. Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term liabilities Total current Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Weller Corporation Comparative Balance Sheet (dollars in thousands) Additional paid-in capital. Total paid-in capital. Retained earnings. This Year $ 3,302 16,100 10,550 1,970 31,922 7,700 20,900 28,600 $ 60,522 $ 11,200 940 470 12,610 7,500 20,110 978 5,050 6,020 34,392 Last Year $ 4,230 9,100 8,880 2,440 24,650 7,700 20,700 28,400 $ 53,050 $ 9,150 1,550 470 11,170 7,500 18,670 978 5,050 6,020 28,360
Transcribed Image Text: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 970,000 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 $26.50. All of the company's sales are on account. Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets. Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term liabilities Total current Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Weller Corporation Comparative Balance Sheet (dollars in thousands) Additional paid-in capital. Total paid-in capital. Retained earnings. This Year $ 3,302 16,100 10,550 1,970 31,922 7,700 20,900 28,600 $ 60,522 $ 11,200 940 470 12,610 7,500 20,110 978 5,050 6,020 34,392 Last Year $ 4,230 9,100 8,880 2,440 24,650 7,700 20,700 28,400 $ 53,050 $ 9,150 1,550 470 11,170 7,500 18,670 978 5,050 6,020 28,360
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