Brief exercises 7-17 through 7-20 require the following information about a joint production process for three products, with a total joint production cost of $100,000. there are no separable processing costs for any of the three products. product sales value at split-off units at split-off 1 2 3 $130,000 50,000 20,000 $200,000 240 960 1,200 2,400

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 800,000 shares of common stock were outstanding. the interest rate on the bonds, which were sold at their face value, was 12%. the income tax rate was 40% and the dividend per share of common stock was $0.40 this year. the market value of the company's common stock at the end of the year was $18. all of the company's sales are on account. time interest earned ratio