4 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 910,000 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 $24. All of the company's sales are on account 42 oints Book Weller Corporation Comparative Balance Sheet (dollars in thousands) Him This Year Last Year Parences $ 1,505 15,500 10,250 1910 29266 $1,220 30, 100 3.se 2,320 22:20 Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipants Land tuldings and equipment net Total property and equipment total assets Llabilities and Stockholders Equity Current Isabilities: Accounts payable Accrued abilities Notes payable, short tert Total current liabilities constern lilities Bonds Bayable Total Tiablities Stockholdersity Con stock Additional paid capital 7.100 20.00 27.400 $ 59,565 20.00 27200 $ 50,10 3.10.600 20 $ 3.850 1.200 10 10.51 -11, 5.25 5.250 USU we MC GE SH Chapter 14 Homework Saved 4 Total paid in capital Retained earnings Total stockholders' equity Total abilities and stockholders' equity 5,660 22,826 38,485 $ 56,566 5,660 27,760 33,420 $ 5e, 18e 142 points ebook Last Year $ 35, $3.500 Perencer Weller Corporation Comparative Incore Statenent and Reconciliation (dollars in thousands) This Year Sales $199.00 Cost of goods solt Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses 220 Net operating Income 9 25 Interest expense Net Income before taxes Was Income taxes Net Inco 5.43 350 Dividends to come stockholders et incon added to retained earning 5 Beginning retained earnings $32.1 Ending retained ning 9,10 12.10 21.220 10,300 750 5.50 3.52 5. 2 5.000 5.27,70 Required: Compute the following financial data for this year 1. Gross margin percentage (Round your percentage answer to 1 decimal place dle. 0.1234 should be entered as 12.3).) 2. Net profit margin percentage. (Round your percentage answer to 1 decimal plece (le., 0.1234 should be entered as 12,3). 3. Return on total assets (Round your percentage answer to 1 decimal place ... 0.1234 should be entered as 12315 4. Return on equity (Round your percentage answer to 2 decimal places de 0.1234 should be entered as 12.34). Required: Compute the following financial data for this year 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (l.e., 0.1234 should be entered as 12.3).) 2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (l.e., 0.1234 should be entered as 12.3).) 3. Return on total assets. (Round your percentage answer to 1 decimal place (l.e., 0.1234 should be entered as 12.3).) 4. Return on equity (Round your percentage answer to 2 decimal places (l.e., 0.1234 should be entered as 12.34).) 96 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4. Return on equity % 96 5% search Of X DELL