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 950,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, the income tax rate was 40%. 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 $26. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable 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 $ 770 $ 1,810 15,900 9,000 10,450 8,800 1,950 2,400 29,070 22,010 7,500 7,500 20,700 20,500 28,200 28,000 $57,270 $50,010 $11,000 $ 9,050 900 1,450 450 450 12,350 10,950 5,000 5,000 17,350 15,950 950 950 4,950 4,950 5,900 5,900 34,020 28,160 39,920 34,060 $57,270 $50,010 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $94,000 $89,000 Cost of goods sold 59,500 55,500 Gross margin 34,500 33,500 Selling and administrative expenses: Selling expenses 10,000 9,500 Administrative expenses 13,500 12,500 Total selling and administrative expenses 23,500 22,000 Net operating income 11,000 11,500 Interest expense 600 600 Net income before taxes 10,400 10,900 Income taxes 4,160 4,360 Net income 6,240 6,540 Dividends to common stockholders 380 Net income added to retained earnings 5,860 760 5,780 Beginning retained earnings 28,160 22,380 Ending retained earnings $34,020 $28,160 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).) 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 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 equity %