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 830,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 12%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was S20. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) his Year Last Year Assets Current assets: Cash Accounts receivable, net Inventony Prepaid expenses 5 5,078 5.190 9,250 8.320 1,830 2.160 9,850 Total current assets 29.358 24,920 Property and equipment Land Buildings and equipment, net 6,300 6.300 19,500 9.300 25,800 25,600 555.158 50,520 Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued lia bilities 5 9,800 660 330 8.450 850 330 Notes payable, short term 10.790 Total current liabilities Long-term liabilities 9,630 8,750 19,540 18,380 Bonds payable 8,750 Total liabilities Stockholders' equity: Common stock Additional paid-in capital 830 4.350 830 4,350 Total paid-in capital Retained earnings 5.180 5.180 30.438 26,980 32.140 555.158 50,520 Total stockholders' equity 35,618 Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year 53,500 49,500 28,500 27,500 Sales 582,000 77.000 Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses 8.800 8.300 Administrative expenses Total selling and administrative expenses Net operating income 12,300 1300 21.100 9,600 7.900 7.400 1,050 Interest expense 1,050 Net income before taxes 6.350 2.540 6.850 Income taxes 2,740 Net income 3,810 332 4,110 Dividends to common stockholders 581 Net income added to retained earnings 3.478 3.529 Beginning retained earnings 26,960 23.431 Ending retained earnings 530,438 26,980 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).) s margin percentage 2. Net profit margin percentage. (Round your percentage answer to 1 decimal place fi.e., 0.1234 should be entered as 12.3).) t profit margin percentage 3. Return on total assets. (Round your percentage answer to 1 decimal place.e. 0.1234 should be entered as 12.3)-) eturn on total assets 96 4. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) eturn on equity