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% 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) This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets $3,302 $4,230 16,100 9,100 10,550 8,888 1,970 2,440 31,922 24,650 Property and equipment: Land 7,700 7,700 Buildings and equipment, net 20,900 20,700 Total property and equipment 28,600 28,400 Total assets $60,522 $53,050 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $11,200 $ 9,150 Accrued liabilities 940 1,550 Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock 470 478 12,610 11,178 7,500 7,500 20,110 18,670 970 978 Additional paid-in capital 5,050 5,050 Total paid-in capital 6,020 6,020 Retained earnings 34,392 28,368 Total stockholders' equity 40,412 34,380 Total liabilities and stockholders' equity $60,522 $53,050 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $96,000 $91,008 Cost of goods sold 68,500 56,500 Gross margin Selling and administrative expenses: 35,500 34,500 Selling expenses 10,200 9,700 Administrative expenses 13,700 12,700 Total selling and administrative expenses 23,900 22,400 Net operating incone 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 Net income added to retained earnings Beginning retained earnings Ending retained earnings 388 776 6,832 5,944 28,368 22,416 $34,392 $28,360 Required: Compute the following financial data for this year: 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (i. 2. Net profit margin percentage. (Round your percentage answer to 1 decimal plac 3. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.123 1. Gross margin percentage % 2. Net profit margin percentage % 3. Return on equity %