arshall University muz LTI Launch M Question 4-Chapt Help Save 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 900.000 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 lest year and $0.40 this year. The market value of the company's common stock at the end of this year was $23. All of the company's sale are on account. Assets Current assets: Cash Weller Corporation Comparative Balance Sheet (dellars in thousands) Accounts receivable, net Inventory This Year Last Year $ 240 $510 15,400 10,250 10,200 8,600 Prepaid expenses 1,900 2,300 Total current assets 27-740 23,660 Property and equipment: Land 7,000 7,000 Buildings and equipment, net 20,200 20,000 Total property and equipment 27,200 27,000 Tetal assets $ 54,940 45,668 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable $8,000 10,500 Accrued Liabilities Long-term Liabilities: Notes payable, short ters Total current liabilities Bonds payable 800 400 1,200 408 11,700 10,400 5,000 5,000 Total liabilities 16,700 15,400 Stockholders' equity: Common stock 908 900 Additional paid-in capital 4,700 4,700 Total paid-in capital 5,600 5,600 Retained earnings i 32,640 27,600 Total stockholders' equity Total liabilities and stockholders' equity 54,940 40.668 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross margin Selling expenses Administrative expenses Net operating income Selling and administrative expenses: Total selling and administrative expenses 254 31,000 This Year Last Tear 89,000 34,000 57,000 53,000 9,500 9,800 13,000 12,00 Interest expense 9,500 10,000 688 688 Net incone before taxes Income taxes 3,568 3,768 Net income 5,348 3,640 Dividends to common stockholders Net income added to retained earnings 360 4,968 4.520 Beginning retained earnings 27,664 27,140 Ending retained earnings 32,648 Required: Compute the folowing financial data for this year Gross margin percentage Note: Round your percentage answer to 1 decimal pece pe 01234 should be entered as 12.3 2. Net profit margin percentage Note: Round your percentage answer to 1 decimal place pe, 01234 should be entered as 12.3 3 Reen on t Nole Bound your percentage answer to 1 decimal place pa. 01234 should be entered a 12 Rebum on equity Note Round your percentage answer to 2 decimal places de 05234 should be entered as 1234