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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}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$)$

This Year Last Year

Assets

Current assets:

Cash $ $2,546$ $ $2,770$

Accounts receivable, net $12,4009,150$

Inventory $9,7508,240$

Prepaid expenses $1,8102,120$

Total current assets $26,50622,280$

Property and equipment:

Land $6,1006,100$

Buildings and equipment, net $19,30019,100$

Total property and equipment $25,40025,200$

Total assets $ $51,906$ $ $47,480$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $9,600$ $ $8,350$

Accrued liabilities $620750$

Notes payable, short term $310310$

Total current liabilities $10,5309,410$

Long$-$term liabilities:

Bonds payable $6,2506,250$

Total liabilities $16,78015,660$

Stockholders' equity:

Common stock $810810$

Additional paid$-$in capital $4,2504,250$

Total paid$-$in capital $5,0605,060$

Retained earnings $30,06626,760$

Total stockholders' equity $35,12631,820$

Total liabilities and stockholders' equity $ $51,906$ $ $47,480$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $80,000$ $ $75,000$

Cost of goods sold $52,50048,500$

Gross margin $27,50026,500$

Selling and administrative expenses:

Selling expenses $8,6008,100$

Administrative expenses $12,10011,100$

Total selling and administrative expenses $20,70019,200$

Net operating income $6,8007,300$

Interest expense $750750$

Net income before taxes $6,0506,550$

Income taxes $2,4202,620$

Net income $3,6303,930$

Dividends to common stockholders $324648$

Net income added to retained earnings $3,3063,282$

Beginning retained earnings $26,76023,478$

Ending retained earnings $ $30,066$ $ $26,760$

Required:

Compute the following financial data for this year:

$1.$ Gross margin percentage. $($Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ 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 $12\mathrm{.}34).)$