Comparative financial statements for weller corporation

Weller Corporation
Comparative Balance Sheet
(dollars in thousands)

 

This Year

Last Year

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  Assets

           

  Current assets:

           

     Cash

$

1,130

 

$

1,340

 

     Accounts receivable, net

 

10,500

   

6,700

 

     Inventory

 

12,800

   

11,800

 

     Prepaid expenses

 

770

   

570

               

  Total current assets

 

25,200

   

20,410

               

  Property and equipment:

           

     Land

 

10,400

   

10,400

 

     Buildings and equipment, net

 

41,440

   

36,670

               

  Total property and equipment

 

51,840

   

47,070

               

  Total assets

$

77,040

 

$

67,480

               

  Liabilities and Stockholders’ Equity

           

  Current liabilities:

           

     Accounts payable

$

20,400

 

$

17,500

 

     Accrued liabilities

 

900

   

770

 

     Notes payable, short term

 

160

   

160

               

  Total current liabilities

 

21,460

   

18,430

 

  Long-term liabilities:

           

     Bonds payable

 

10,000

   

10,000

               

  Total liabilities

 

31,460

   

28,430

               

  Stockholders’ equity:

           

     Common stock

 

500

   

500

 

     Additional paid-in capital

 

4,000

   

4,000

               

       Total paid-in capital

 

4,500

   

4,500

 

       Retained earnings

 

41,080

   

34,550

               

  Total stockholders’ equity

 

45,580

   

39,050

               

  Total liabilities and stockholders’ equity

$

77,040

 

$

67,480