Refer to the data in Exercise 15-2 for Weller Corporation,

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 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 $18. All of the company's sales are on account.

Required:
Compute the following financial data for this year:
1. Gross margin percentage.
2. Net profit margin percentage.
3. Return on total assets.
4. Return on equity.

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Weller Corporation Comparative Balance Sheet dollars in thousands) This Year Last Year Assets Current assets: Cash $1,280 1,560 9,100 8,200 2,100 12,300 9,700 1,00 Inventory Total current assets Property and equipment: Land 6,000 19,200 25,200 $50,280 6,000 19,000 226,303 $45.960 Total assets Liabilities and Stockholders' Equity Current liabilities: 9.500 8.300 Accrued liabilities 600 300 10,400 700 300 9,300 Total current liabilities Long-term liabilities: Bcants py.... 5,000 Total liabilities 1,:3 Stockholders' equity: Common stock 800 4,200 2, 03 Total paid-in capital 29,880 26,660 34,880 31.660 Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross margin Selling and administrative expenses: This Year $79,000 52,000 27,000 Last Year $74,000 48,000 26,000 Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 8,500 12,000 20,500 6,500 600 5,900 2,360 3,540 320 3,220 26,660 $29,880 8,000 11,000 19,000 7,000 600 6,400 2,560 3,840 600 3,240 23.420