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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. (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.)

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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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.)

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. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: $ 976 $ 1,920 10,050 8,440 2,220 Cash Accounts receivable, net 15,000 10,000 1,860 Inventory Prepaid expenses Total current assets 27,836 22,630 Property and equipment: Land 6,600 19,800 6,600 Buildings and equipment, net Total property and equipment 19,600 26,400 26,200 Total assets $ 54,236 $ 48,830 Liabilities and Stockholders' Equity Current liabilities: $ 10,100 $ 8,600 1,000 Accounts payable Accrued liabilities 720 Notes payable, short term Total current liabilities 360 360 11,180 9,960 Long-term liabilities: Bonds payable 6,250 6,250 Total liabilities 17,430 16,210 Stockholders' equity: Common stock 860 860 Additional paid-in capital Total paid-in capital Retained earnings 4,500 4,500 5,360 5,360 27,260 31,446 Total stockholders' equity 36,806 32,620 Total liabilities and stockholders' equity $ 54,236 $ 48,830
Transcribed Image Text: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. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: $ 976 $ 1,920 10,050 8,440 2,220 Cash Accounts receivable, net 15,000 10,000 1,860 Inventory Prepaid expenses Total current assets 27,836 22,630 Property and equipment: Land 6,600 19,800 6,600 Buildings and equipment, net Total property and equipment 19,600 26,400 26,200 Total assets $ 54,236 $ 48,830 Liabilities and Stockholders' Equity Current liabilities: $ 10,100 $ 8,600 1,000 Accounts payable Accrued liabilities 720 Notes payable, short term Total current liabilities 360 360 11,180 9,960 Long-term liabilities: Bonds payable 6,250 6,250 Total liabilities 17,430 16,210 Stockholders' equity: Common stock 860 860 Additional paid-in capital Total paid-in capital Retained earnings 4,500 4,500 5,360 5,360 27,260 31,446 Total stockholders' equity 36,806 32,620 Total liabilities and stockholders' equity $ 54,236 $ 48,830
Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $ 85,000 55,000 30,000 $ 80,000 51,000 29,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 9,100 12,600 8,600 11,600 21,700 Total selling and administrative expenses Net operating income Interest expense 20,200 8,300 750 8,800 750 8,050 3,220 Net income before taxes 7,550 3,020 Income taxes Net income 4,530 4,830 Dividends to common stockholders 344 688 Net income added to retained earnings Beginning retained earnings 4,142 4,186 27,260 23,118 $ 27,260 Ending retained earnings $ 31,446
Transcribed Image Text:Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $ 85,000 55,000 30,000 $ 80,000 51,000 29,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 9,100 12,600 8,600 11,600 21,700 Total selling and administrative expenses Net operating income Interest expense 20,200 8,300 750 8,800 750 8,050 3,220 Net income before taxes 7,550 3,020 Income taxes Net income 4,530 4,830 Dividends to common stockholders 344 688 Net income added to retained earnings Beginning retained earnings 4,142 4,186 27,260 23,118 $ 27,260 Ending retained earnings $ 31,446
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