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 $850,000$ 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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the companys common stock at the end of this year was $$20.$ All of the companys sales are on account. Weller CorporationComparative Balance Sheet$($dollars in thousands$)$ This YearLast YearAssets Current assets: Cash$ $1,810$$ $710$Accounts receivable, net$12,80010,000$Inventory$9,9508,400$Prepaid expenses$1,8502,200$Total current assets$26,41021,310$Property and equipment: Land$6,5006,500$Buildings and equipment, net$19,70019,500$Total property and equipment$26,20026,000$Total assets$ $52,610$$ $47,310$Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ $10,000$$ $8,550$Accrued liabilities$700950$Notes payable, short term$350350$Total current liabilities$11,0509,850$Long$-$term liabilities: Bonds payable$5,0005,000$Total liabilities$16,05014,850$Stockholders' equity: Common stock$850850$Additional paid$-$in capital$4,4504,450$Total paid$-$in capital$5,3005,300$Retained earnings$31,26027,160$Total stockholders' equity$36,56032,460$Total liabilities and stockholders' equity$ $52,610$$ $47,310$ Weller CorporationComparative Income Statement and Reconciliation$($dollars in thousands$)$ This YearLast YearSales$ $84,000$$ $79,000$Cost of goods sold$54,50050,500$Gross margin$29,50028,500$Selling and administrative expenses: Selling expenses$9,0008,500$Administrative expenses$12,50011,500$Total selling and administrative expenses$21,50020,000$Net operating income$8,0008,500$Interest expense$600600$Net income before taxes$7,4007,900$Income taxes$2,9603,160$Net income$4,4404,740$Dividends to common stockholders$340680$Net income added to retained earnings$4,1004,060$Beginning retained earnings$27,16023,100$Ending retained earnings$ $31,260$$ $27,160$ Required:Compute the following financial data for this year: $1.$ Gross margin percentage. $($Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).)2.$ Net profit margin percentage. $($Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).)3.$ Return on total assets. $($Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).)4.$ Return on equity. $($Round your percentage answer to $2$ decimal places $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).$RETURN ON TOTAL ASSETS IS NOT $8\mathrm{.}89\%!$