Question: im stuck need help asap please exercise 14-0 (Ago) rinancial RALIOS TOT Assessing market rerrormance [LU 14-0) Comparative financial statements for Weller Corporation, a merchandising

exercise 14-0 (Ago) rinancial RALIOS TOT Assessing market rerrormance [LU 14-0) 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 880,000 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 $22.00. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 3,508 15,200 10,100 1,880 30,688 $ 4,340 12,150 + 8,520 2,260 25,270 inces 6,500 20,000 26,800 $57,483 5,800 19,800 26,500 $ 51,870 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipments Land Duildings 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: Bonda payable Total liabilities Stockholders' equity Cowon stock Additional paid in capital Total pald-in capital Retained earnings Total stockholdersequity Total liabilities and stockholders equity $8,700 1.100 $ 10,300 760 380 11,440 30 10,100 8,750 20,190 3,750 18,930 380 4,600 540 33,818 37,298 $57,488 880 6,600 5,480 27,460 32,940 $ 51,870 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 87,000 $ 82, 880 Cost of goods sold 56,000 52, eee Gross margin 31,800 30,080 Selling and administrative expenses: Selling expenses 9,300 8, Bee Administrative expenses 12, Bee 11,800 Total selling and administrative expenses 22,100 20,600 Net operating income 8,900 9,400 Interest expense 1, ese 1,050 Net income before taxes 7,850 8,350 Income taxes 3,140 3, 34e Net income 4,710 5,010 Dividends to common stockholders 352 704 Net income added to retained earnings 58 4,386 Beginning retained earnings 27,460 23,154 Ending retained earnings $ 31,818 $ 27,460 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-camings ratio 3. Dividend payout ratio 4. Dividend yield ratio 5. Book value por sharo % %
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
