Check my wo 6 Exercise 14-5 Financial Ratios for Assessing Profitability (L014-5) 214 D 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 970.000 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 50 40 this year. The market value of the company's common stock at the end of the year was $26. All of the company's sales are on count mi tartar 5 3,352 16.100 38,550 1.322 16,230 9.100 8.00 Maler Corporation Comparative Balance sheet dollars in thousands Assete Current C Account convinet Inventory Palderen curt sta Property ilding, Total per Yol LILY Current Apayable Hores payable short term Totalt etti 7.400 Total LA 7,100 30,00 7.700 0.133 300D 353, 11.00 30 410 12.10 11.17 6 12,610 11,170 7,500 20,110 7,500 18,670 2.14 points Total current liabilities Long-term liabilities: Donds 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 Skipped 970 5,050 6,020 34,392 40,412 $60,522 970 5,050 6,020 28,360 34,380 $53,050 Book Hint Print References Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $96,000 $91,000 Cont of goods sold 60,500 56,500 Gross margin 35,500 34,500 Selling and administrative expenses: Selling expenses 10,200 9,700 Administrative expenses 13,700 12.700 Total selling and administrative expenses 23,900 22,400 Net operating income 11.600 12,100 Interest expense 900 900 Net Income before taxes 10,700 11,200 Income taxes 4.280 4.480 Net income 6.420 6, 720 Dividends to common stockholders 388 776 Bet income added to retained earnings 6032 5.944 Beginning retained earnings 200360 22,416 Ending retained earnings $34,392 6 Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 4,280 6,420 388 6,032 28,360 $34,392 4.4HO 6,720 776 5,944 22, 416 $28.360 2.14 points Skipped eBook Required: Compute the following financial data for this year. 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (c., 0.1234 should be entered as 12 2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (ie., 0.1234 should be entered a 3. Return on total assets. (Round your percentage answer to 1 decimal place (le, 0.1234 should be entered as 12.3). 4. Return on equity. (Round your percentage answer to 2 decimal places (l... 0.1234 should be entered as 12.341.) Hint Print References 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4. Return on equity %
