ThatDudeLv1

25 Jul 2022

*******URGENT**** please answer. Directions are there. Very urgent

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 yoac. A total of 700,000 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 $ 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 $ 27. All of the company's sales are on account.

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.)

 

1. Working capital
2. Current ratio
3. Acid-4est ratio