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 890,000 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. 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 $ 4,774 $ 5,550 15,300 10,200 10,150 8,560 1,890 2,280 32,114 26,590 6,900 6,900 20,100 19,900 27,000 26,800 $59,114 $ 53,390 $ 10,400 780 390 $ 8,750 1,150 390 11,578 10,290 10,000 10,000 21,570 20,290 890 890 4,650 4,650 5,540 5,540 32,004 27,560 37,544 33,100 $ 59,114 $53,390 Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation. (dollars in thousands) Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest exnense This Year $ 88,000 56,500 Last Year $ 83,000 52,500 30,500 31,500 9,400 8,900 12,900 11,900 22,300 20,800 9,200 9,700 1.200 1:200 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 Sales Cost of goods sold Gross margin 10,000 10,000 21,570 20,298 890 890 4,650 4,650 5,540 5,540 32,004 27,560 37,544 33,100 $ 59,114 $ 53,390 Comparative Income Statement and Reconciliation Weller Corporation (dollars in thousands) This Year $ 88,000 Last Year $ 83,000 52,500 30,500 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: 56,500 31,500 9,400 8,900 12,900 11,900 22,300 20,800 9,200 9,700 1,200 1,200 8,000 8,500 3,200 3,400 4,800 5,100 356 712 4,444 4,388 27,560 23,172 $ 32,004 $ 27,560 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. 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 % % % %