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 810,000 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 $18. 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 $ 2,546 $2,770 12,400 9,150 9,750 8,240 1,810 2,120 26,506 22,280 6,100 6,100 19,300 19,100 25,400 25,200 $ 51,906 $ 47,480 $ 9,600 $8,350 620 750 310 310 10,530 9,410 6,250 6,250 16,780 15,660 010 810 4,250 4,250 5,060 5,060 30,066 26,760 35,126 31,820 $51,906 $ 47,480 Sales Weller Corporation Comparative Income Statement and Reconciliation Cost of goods sold (dollars in thousands) This Year Last Year $ 80,000 $75,000 52,500 48,500 Gross margin 27,500 26,500 Selling and administrative expenses: Selling expenses 8.600 8,100 Administrative expenses 12,100 11,100 Total selling and administrative expenses 20,700 19,200 Net operating income 6,800) 7,300 Interest expense 750 750 Net income before taxes 6,050 6,550 Income taxes 2,420 2,620 Net Income 3,630 3,930 Dividends to common stockholders 324 648 Net incone added to retained earnings Beginning retained earnings Ending retained earnings 3,306 26,760 $30,066 3,282 23,478 $ 26,760 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 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 % % %