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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new

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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 840,000 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 $20. 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 This Year Last Year $ 6,344 $ 6,400 12,700 9,300 9,900 8,360 1,840 2,180 30,784 26,240 6,400 6,400 19,600 19,400 26,000 25,800 $ 56,784 $ 52,040 $ 9,900 680 $ 8,500 900 340 340 10,920 9,740 10,000 10,000 20,920 19,740 840 840 4,400 4,400 5,240 5,240 30,624 27,060 35,864 32,300 Total liabilities and stockholders' equity $ 56,784 $ 52,040 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 83,000 54,000 Last Year $ 78,000 50,000 28,000 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: 29,000 8,900 8,400 12,400 11,400 21,300 19,800 7,700 8,200 1,200 1,200 6,500 7,000 2,600 2,800 3,900 4,200 336 672 3,564 27,060 3,528 23,532 $ 30,624 $ 27,060 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 % % % %

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