Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear

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Comparative Financial Statements For Weller Corporation A Merchandising Company For The Year Ending December 31 Appear 1 (28.27 KiB) Viewed 51 times

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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 600,000 shares of common stock were outstanding The interest rate on the bond payable was 10%, the income tax rate was 40% and the dividend per share of common stock was S0.75 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 This Year Last Year Weter Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets Cash Accounts receivable net Inventory Prepaid expenses Total current assets Property and equipment Land Buldings and equipment, net Total property and equipment Total assets Liabilities and Stockholders Tuity Current liabilities Accounts payable Accrued liabilities Notes payable, short term $ 1,200 10,200 12,00 610 34210 $1,230 6.700 12,500 650 21 9,200 52.552 5.81.762 9,20 40.000 69266 $70,320 $ 19,600 910 190 $ 17,400 770 190
9,200 9,200 48,352 57,552 $ 81,762 40.046 49,246 $ 78,326 мне не сменить Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short tern 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 $ 19,600 910 190 20,700 $ 17,400 770 190 18,360 8,900 29,600 3,900 27,260 600 600 4,000 4,600 47,562 52,162 $ 81,762 4.000 4.600 38,466 433,066 $ 70,326 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year 5. 72,000 37 000 35,000 Sales Cost of goods sold Gross margin Last Year $ 64.000 34,000 30,000
Last Year $ 64,000 34,000 30,000 ok ht ht wetler Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 72,000 Cost of goods sold 37.000 Gross margin 35,000 Selling and administrative expenses: Selling expenses 11,300 Administrative expenses 6.900 Total selling and administrative expenses 18,200 Net operating income 16,800 Interest expense 890 Net income before taxes 15,918 Income taxes 6,364 Net income 9,546 Dividends to common stockholders 450 Net Income added to retained earnings 9,096 Beginning retained earnings 38.466 Ending retained earnings 5 47,562 Required: Compute the following financial data and ratios for this year 1. Working capital (Enter your answer in thousands.) 2. Current ratio (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) 10,000 6.500 16,500 13,500 B90 12,610 5,044 7,566 240 7,326 31. 14 $ 38,466 nces
Required: Compute the following financial data and ratios for this year 1. Working capital. (Enter your answer in thousands.) 2 Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio (Round your answer to 2 decimal places.) 5 1. Working capital 2. Current ratio 3. Acid-test ratio