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 980,000 shares of common stock were outstanding. The interest rate on the bond payable was 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 the year was $27. All of the company's sales are on account er Corporation Comparative Balance Sheet (dollars in thousands) This Year East Year $4,568 55. 16, 2009 . Ise 12,600 8.92e 1,980 2,45e 33,348 25, 97e 7. O 7. 28,00 5621 28,600 554,570 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 Itabilities Long-ters liabilities Bonds payabte Total liabilities Stockholders' equity Coco stock Additional paid in capital Total padin Capital Retained earnings Total stockholders' equity Total lattes and stockholders' equity Homework Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $97,000 $92,800 Cost of goods sold 61,00e57, 80e Gross margin 36, 35, Selling and administrative expenses: Selling expenses 10, 30e 9. Bee Administrative expenses 13. 12. seg Total selling and administrative expenses 24.10 22,6ee Net operating income 12.400 Interest expense 1.85e Net income before taxes 10.85e 11.350 Income taxes 4.340 4,548 Net income 5.518 6,810 Dividends to common stockholders 392 Net income added to retained earnings 6, 118 6,826 Beginning retained earnings 28. 468 22,434 Ending retained earnings $34,578 $28,460 ENRO 1,ese Required: Compute the following financial data for this year 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (Le., 0.1234 should be entered as 12.3). 2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (be., 0.1234 should be entered as 1 3. Return on total assets. (Round your percentage answer to 1 decimal place (.e., 0.1234 should be entered as 12.3).) 4. Return on equity. (Round your percentage answer to 2 decimal places (.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage Net profit margin percentage 3. Return on total assets 4. Return on equity