Chapter #16 - Quiz i 4 Skipped Saved Help Save 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 1,000,000 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 $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year eBook Hint 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 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 Mc Graw Hill $ 1,300 $ 1,610 16,400 9,250 10,700 9,000 2,000 2,500 30,400 22,360 8,000 8,000 21,200 29,200 21,000 29,000 $ 59,600 $ 51,360 $ 11,500 1,000 500 $ 9,300 1,700 $500 13,000 11,500 5,000 5,000 18,000 16,500 1,000 1,000 5,200 5,200 6,200 6,200 35,400 28,660 41,600 34,860 $ 59,600 $ 51,360 < Prev 4 of 5 Next > MacBook Air Chapter #16 - Quiz i 4 Saved Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales Cost of goods sold Gross margin Skipped Selling and administrative expenses: $ 99,000 $ 94,000 62,000 58,000 37,000 36,000 Selling expenses Administrative expenses 10,500 10,000 14,000 13,000 Total selling and administrative expenses 24,500 23,000 eBook Net operating income 12,500 13,000 Interest expense 600 600 Hint Net income before taxes 11,900 12,400 4,760 4,960 7,140 7,440 400 800 6,740 28,660 6,640 22,020 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: $ 35,400 $ 28,660 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 3. Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 4. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4. Return on equity % do do do di % % % Mc Graw Hill < Prev 4 of 5 Next >> MacBook Air Help Chapter #16 - Quiz i 5 Skipped Saved Help Save 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 920,000 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 $24.00. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) eBook Hint 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 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 Mc Graw Hill This Year Last Year $ 2,772 $ 2,930 15,600 10,350 10,300 8,680 1,920 2,340 30,592 24,300, 7,200 20,400 27,600 7,200 20,200 27,400 $ 58,192 $ 51,700 $ 10,700 840 420 $ 8,900 1,300 420 11,960 10,620 7,500 19,460 7,500 18,120 920 920 4,800 4,800 5,720 5,720 33,012 27,860 38,732 33,580 $ 58,192 $ 51,700 < Prev 5 of 5 Next > ******** MacBook Air Chapter #16 - Quiz 5 Sales Comparative Income Statement and Reconciliation (dollars in thousands) Cost of goods sold Gross margin Selling and administrative expenses: Saved This Year Last Year $ 86,000 $ 91,000 58,000 54,000 33,000 32,000 Selling expenses Administrative expenses 9,700 9,200 13,200 12,200 Skipped Total selling and administrative expenses 22,900 21,400 Net operating income 10,100 10,600 Interest expense 900 900 Net income before taxes eBook 9,200 9,700 3,680 3,880 Net income Hint 5,520 5,820 368 736 5,152 5,084 27,860 22,776 $ 33,012 $ 27,860 Mc Graw Hill Income taxes 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. (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 share 2. Price-earnings ratio 3. Dividend payout ratio % 4. Dividend yield ratio % 5. Book value per share < Prev 5 of 5 Next > MacBook Air Help Sa