Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross...

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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 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) 1. Working capital 2. Current ratio 3. Acid-test ratio This Year Last Year $ 73,000 $ 66,000 37,000 37,000 36,000 29,000 11,300 10,600 6,700 6,400 18,000 17,000 18,000 12,000 810 810 17,190 6,876 10,314 11,190 4,476 6,714 450 240 9,864 37,114 $ 46,978 6,474 30,640 $ 37,114 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 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) 1. Working capital 2. Current ratio 3. Acid-test ratio This Year Last Year $ 73,000 $ 66,000 37,000 37,000 36,000 29,000 11,300 10,600 6,700 6,400 18,000 17,000 18,000 12,000 810 810 17,190 6,876 10,314 11,190 4,476 6,714 450 240 9,864 37,114 $ 46,978 6,474 30,640 $ 37,114

Answer rating: 100% (QA)

To compute the required financial data and ratios for this year 1 Working capital Working Capital C... View the full answer