3 10 points Comparative financial statements for Weller Corporation, a merchandising company, for the year, ending...

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3 10 points 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 800,000 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 $18. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Current assets: Cash eBook Assets Hint Print References 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 Total current liabilities. Long-term liabilities: Bonds payable Total liabilities. Stockholders' equity: This Year Last Year $1,288 12,300 9,700 1,800 $ 1,560 9,100 8,200 2,100 25,080 20,960 6,000 6,000 19,200 19,000 25,200 25,000 $ 50,280 $45,960 $ 9,500 600 $ 8,300 700 300 300 10,400 9,300 5,000 5,000 15,400 14,300 800 800 4,200 4,200 Total paid-in capital 5,000 5,000 Retained earnings 29,880 26,660 Total stockholders' equity 34,000 31,660 Total liabilities and stockholders' equity $ 50,280 $45,900 Common stock Additional paid-in capital 3 io homework Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold 10 points Gross margin Selling expenses Administrative expenses Book Selling and administrative expenses: Total selling and administrative expenses Net operating incone Hint Interest expense Net income before taxes Print Income taxes Net income This Year Last Year $ 79,000 $ 74,000 52,000 27,000 48,000 26,000 8,500 8,000 12,000 11,000 20,500 19,000 6,500 7,000 600 600 5,900 6,400 3.360 2,560 3,540 3,840 320 600 3,220 3,240 References Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial ratios for this year 1. Times interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier. 26,660 23,420 $29,880 $ 26,660 Note: For all requirements, round your answers to 2 decimal places. 1. Times interest eamed ratio 2 Debt-to-equity ratio 3. Equity multiplier 3 10 points 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 800,000 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 $18. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Current assets: Cash eBook Assets Hint Print References 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 Total current liabilities. Long-term liabilities: Bonds payable Total liabilities. Stockholders' equity: This Year Last Year $1,288 12,300 9,700 1,800 $ 1,560 9,100 8,200 2,100 25,080 20,960 6,000 6,000 19,200 19,000 25,200 25,000 $ 50,280 $45,960 $ 9,500 600 $ 8,300 700 300 300 10,400 9,300 5,000 5,000 15,400 14,300 800 800 4,200 4,200 Total paid-in capital 5,000 5,000 Retained earnings 29,880 26,660 Total stockholders' equity 34,000 31,660 Total liabilities and stockholders' equity $ 50,280 $45,900 Common stock Additional paid-in capital 3 io homework Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold 10 points Gross margin Selling expenses Administrative expenses Book Selling and administrative expenses: Total selling and administrative expenses Net operating incone Hint Interest expense Net income before taxes Print Income taxes Net income This Year Last Year $ 79,000 $ 74,000 52,000 27,000 48,000 26,000 8,500 8,000 12,000 11,000 20,500 19,000 6,500 7,000 600 600 5,900 6,400 3.360 2,560 3,540 3,840 320 600 3,220 3,240 References Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial ratios for this year 1. Times interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier. 26,660 23,420 $29,880 $ 26,660 Note: For all requirements, round your answers to 2 decimal places. 1. Times interest eamed ratio 2 Debt-to-equity ratio 3. Equity multiplier