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 880,000 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 $22. All of the company's sales are on account. Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Weller Corporation Comparative Balance Sheet (dollars in thousands) Buildings and equipment, net Total property and equipment Total assets Current liabilities: Accounts payable Liabilities and Stockholders' Equity 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 This Year Last Year $ 3,508 15,200 10,100 $ 4,340 10,150 8,520 1,880 2,260 30,688 25,270 6,800 6,800 20,000 19,800 26,800 26,600 $ 57,488 $ 51,870 $ 10,300 760 $ 8,700 1,100 380 11,440 380 10,180 8,750 8,750 20,190 18,930 880 880 4,600 4,600 5,480 5,480 31,818 37,298 27,460 32,940 $ 57,488 $ 51,870 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 87,000 Last Year $ 82,000 52,000 30,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial data for this year: 56,000 31,000 9,300 8,800 12,800 11,8001 22,100 20,600 8,900 9,400 1,050 1,050 7,850 8,350 3,140 3,340 4,710 5,010 352 704 4,358 27,460 4,306 23,154 $ 31,818 $ 27,460 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 (i.e., 0.1234 should be entered as 12.3).) 3. Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 4. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4. Return on equity % % % %