5 Comparative financial statements for Weller Corporation, merchandising company, for the year ending December 31 eppes below. The company did not issue any new common stock during the year. A total of 970,000 shares of common stock were outstanding. The interest rate on the bond payable was 1296, 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 $26. All of the company's sales are on account. 25 points Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 3,302 16,100 1e,sse 1,970 31,922 $ 4,230 9.100 8,888 2,440 24,650 7,702 28,900 28,523 $ 60,522 7,702 20,700 28,40e $ 53,ese Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipnent: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 11,200 940 47a 12,610 $ 9, 15e 1.55 47e 11,170 7.500 18,670 7.500 ze, 110 978 5,ese 978 5.ee 6,020 34,392 48,412 $ 68,522 28, 360 34, 382 $ 53,950 Last Year $ 91,200 56.500 34,5ae Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 95,000 Cost of goods sold 68,500 Gross margin 35,500 Selling and administrative expenses: Selling expenses 18,200 Administrative expenses 13.700 Total selling and administrative expenses 23,9ee Net operating income 11,600 Interest expense gee Net incone before taxes 18,700 Income taxes 4,280 Net income 6.420 Dividends to common stockholders 388 Net income added to retained carnings 6,832 Beginning retained carnings 28.362 Ending retained earnings $ 34,392 9.700 12.200 22,40e 12,120 see 11,200 4.480 6.720 776 5,944 22,416 $ 28,360 Required: Compute the following financial data for this year. 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (I.e., 0.1234 should be entered as 12.3).) 2. Net profit margin percentage (Round your percentage answer to 1 decimal place (1.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 (le. 0.1234 should be entered as 12.34).) Answer is complete but not entirely correct. 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4. Return on equity 37.0 % 6.7% 11.3% 17.17%