aded Homework Saved Help Save & Exit Submit Check my work Exercise 14-6 (Algo) Financial Ratios for Assessing Market Performance [LO14-6) 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 810,000 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 $075 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $18.50 All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 2,770 Accounts receivable, net $ 2,546 12,400 9,150 Inventory 9,750 8,240 Prepaid expenses 1,810 2,120 26,506 Total current assets Property and equipment: 22,280 Land 6,100 6,100 19,300 19,100 Buildings and equipment, net Total property and equipment 25,400 25,200 4 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 Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 2,546 12,400 9,750 1,810 26,506 6,100 19,300 25,400 $ 51,986 $ 9,600 620 310 10,530 6,250 16,780 810 4,250 5,060 30,066 35,126 $ 51,906 $ 2,770 9,150 8,240 2,120 22,280 6,100 19,100 25, 200 $ 47,480 $ 8,350 750 310 9,410 6,250 15,660 810 4,250 5,060 26,760 31,820 $ 47,480 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 i 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: This Year $ 80,000 52,500 27,500 8,600 12,100 20,700 6,800 750 6,050 2,420 3,630 324 3,306 26,760 $ 30,066 Last Year $ 75,000 48,500 26,500 8,100 11,100 19, 200 7,300 750 6,550 2,620 3,930 648 3,282 23,478 $ 26,760 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.) 6:28 1. Earnings per share 2. Price-earnings ratio 3. Dividend payout ratio % 4. Dividend yield ratio % 5. Book value per share nces