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 940,000 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 $25. 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 $ 5,304 $ 5,350 15,800 10,450 10,400 8,760 1,940 2,380 33,444 26,940 7,400 7,400 20,600 20,400 28,000 27,800 $ 61,444 $ 54,740 $ 10,900 880 440 $ 9,000 1,400 440 12,220 10,840 10,000 10,000 22,220 20,840 940 940 4,900 4,900 5,840 5,840 33,384 28,060 39,224 33,900 $ 61,444 $ 54,740 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 93,000 Last Year $ 88,000 Cost of goods sold 59,000 55,000 Gross margin 34,000 33,000 Selling and administrative expenses: Selling expenses 9,900 9,400 Administrative expenses 13,400 12,400 Total selling and administrative expenses 23,300 21,800 Net operating income 10,700 11,200 Interest expense 1,200 1,200 Net income before taxes 9,500 10,000 Income taxes 3,800 4,000 Net income 5,700 6,000 376 752 5,324 5,248 Beginning retained earnings 28,060 22,812 $ 33,384 $ 28,060 Dividends to common stockholders Net income added to retained earnings Ending retained earnings 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).)