Comparative financial statements for Weller Corporation for the
fiscal year ending December 31 appear below. The company did not
issue any new common or preferred shares during the year. A total
of 800,000 common shares were outstanding. The interest rate on the
bond payable was 10%, the income tax rate was 40%, and the dividend
per share of common shares was $0.25. The market value of the
company's common shares at the end of the year was $20 each. All of
the company’s sales are on account.
Required:
Compute the following financial ratios for common shareholders
for year 2 (Round your intermediate calculations to 2
decimal places. Round your per share answers to 2 decimal places
and other answers to 1 decimal place.):
Comparative financial statements for Weller Corporation for the fiscal year ending December 31 appear below. The company
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