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 $980,000$ 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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$27.$ All of the company$$s sales are on account.

Weller Corporation

Comparative Balance Sheet

$($dollars in thousands$)$

This Year Last Year

Assets

Current assets:

Cash $ $4,568$ $ $5,440$

Accounts receivable, net $16,2009,150$

Inventory $10,6008,920$

Prepaid expenses $1,9802,460$

Total current assets $33,34825,970$

Property and equipment:

Land $7,8007,800$

Buildings and equipment, net $21,00020,800$

Total property and equipment $28,80028,600$

Total assets $ $62,148$ $ $54,570$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $11,300$ $ $9,200$

Accrued liabilities $9601,600$

Notes payable, short term $480480$

Total current liabilities $12,74011,280$

Long$-$term liabilities:

Bonds payable $8,7508,750$

Total liabilities $21,49020,030$

Stockholders' equity:

Common stock $980980$

Additional paid$-$in capital $5,1005,100$

Total paid$-$in capital $6,0806,080$

Retained earnings $34,57828,460$

Total stockholders' equity $40,65834,540$

Total liabilities and stockholders' equity $ $62,148$ $ $54,570$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $97,000$ $ $92,000$

Cost of goods sold $61,00057,000$

Gross margin $36,00035,000$

Selling and administrative expenses:

Selling expenses $10,3009,800$

Administrative expenses $13,80012,800$

Total selling and administrative expenses $24,10022,600$

Net operating income $11,90012,400$

Interest expense $1,0501,050$

Net income before taxes $10,85011,350$

Income taxes $4,3404,540$

Net income $6,5106,810$

Dividends to common stockholders $392784$

Net income added to retained earnings $6,1186,026$

Beginning retained earnings $28,46022,434$

Ending retained earnings $ $34,578$ $ $28,460$

Required:

Compute the following financial data for this year:

$1.$ Gross margin percentage. $($Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).)$

$2.$ Net profit margin percentage. $($Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).)$

$3.$ Return on total assets. $($Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).)$

$4.$ Return on equity. $($Round your percentage answer to $2$ decimal places $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).)$