Question: Please answer question clear. thank you Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company

Please answer question clear. thank you Comparative financial statements for Weller Corporation,a merchandising company, for the year ending December 31 appear below. Thecompany did not issue any new common stock during the year. Atotal of 860,000 shares of common stock were outstanding. The interest ratePlease answer question clear. thank you

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 860,000 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 $21.00. All of the company's sales are on account. Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities \begin{tabular}{rr} $10,100 & $8,600 \\ 720 & 1,000 \\ 360 & 360 \\ \hline 11,180 & 9,960 \end{tabular} Long-term liabilities: Bonds payable Total liabilities \begin{tabular}{rr} 6,250 & 6,250 \\ \hline 17,430 & 16,210 \\ \hline \end{tabular} Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital \begin{tabular}{rr} 860 & 860 \\ 4,500 & 4,500 \\ \hline 5,360 & 5,360 \end{tabular} Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} 31,446 & 27,260 \\ \hline 36,806 & 32,620 \\ \hline$54,236 & $48,830 \\ \hline \hline \end{tabular} 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.) 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.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!