{"id":113656,"date":"2023-01-28T08:37:52","date_gmt":"2023-01-28T08:37:52","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/comparative-financial-statements-for-weller-corporation\/"},"modified":"2023-01-28T08:37:52","modified_gmt":"2023-01-28T08:37:52","slug":"comparative-financial-statements-for-weller-corporation","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/comparative-financial-statements-for-weller-corporation\/","title":{"rendered":"Comparative financial statements for weller corporation"},"content":{"rendered":"
\n\n\n

Weller Corporation
Comparative Balance Sheet
(dollars in thousands)<\/span><\/p>\n<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\n

This Year<\/span><\/p>\n<\/td>\n\n

Last Year<\/span><\/p>\n<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Assets<\/span><\/strong><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Current assets:<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Cash<\/span><\/p>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n\n

1,130<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

$<\/span><\/p>\n<\/td>\n\n

1,340<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Accounts receivable, net<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

10,500<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

6,700<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Inventory<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

12,800<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

11,800<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Prepaid expenses<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

770<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

570<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Total current assets<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

25,200<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

20,410<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Property and equipment:<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Land<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

10,400<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

10,400<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Buildings and equipment, net<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

41,440<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

36,670<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Total property and equipment<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

51,840<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

47,070<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Total assets<\/span><\/p>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n\n

77,040<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

$<\/span><\/p>\n<\/td>\n\n

67,480<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Liabilities and Stockholders’ Equity<\/span><\/strong><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Current liabilities:<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Accounts payable<\/span><\/p>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n\n

20,400<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

$<\/span><\/p>\n<\/td>\n\n

17,500<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Accrued liabilities<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

900<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

770<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Notes payable, short term<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

160<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

160<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Total current liabilities<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

21,460<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

18,430<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Long-term liabilities:<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Bonds payable<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

10,000<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

10,000<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Total liabilities<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

31,460<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

28,430<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Stockholders’ equity:<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Common stock<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

500<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

500<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0Additional paid-in capital<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

4,000<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

4,000<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Total paid-in capital<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

4,500<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

4,500<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Retained earnings<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

41,080<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

34,550<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Total stockholders’ equity<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

45,580<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n

39,050<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\n

\u00a0\u00a0Total liabilities and stockholders’ equity<\/span><\/p>\n<\/td>\n\n

$<\/span><\/p>\n<\/td>\n\n

77,040<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n\n

$<\/span><\/p>\n<\/td>\n\n

67,480<\/span><\/p>\n<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n\n\u00a0<\/td>\n<\/tr>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Weller CorporationComparative Balance Sheet(dollars in thousands) \u00a0 This Year Last Year \u00a0\u00a0Assets \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0Current assets: \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0Cash $ 1,130 \u00a0 $ 1,340 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0Accounts receivable, net \u00a0 10,500 \u00a0 \u00a0 6,700 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0Inventory \u00a0 12,800 \u00a0 \u00a0 11,800 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0Prepaid expenses \u00a0 770 \u00a0 \u00a0 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-113656","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/113656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=113656"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/113656\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=113656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=113656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=113656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}