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 $880,000$ 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$$s common stock at the end of this year was $$22.$ 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 $ $3,508$ $ $4,340$

Accounts receivable, net $15,20010,150$

Inventory $10,1008,520$

Prepaid expenses $1,8802,260$

Total current assets $30,68825,270$

Property and equipment:

Land $6,8006,800$

Buildings and equipment, net $20,00019,800$

Total property and equipment $26,80026,600$

Total assets $ $57,488$ $ $51,870$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $10,300$ $ $8,700$

Accrued liabilities $7601,100$

Notes payable, short term $380380$

Total current liabilities $11,44010,180$

Long$-$term liabilities:

Bonds payable $8,7508,750$

Total liabilities $20,19018,930$

Stockholders' equity:

Common stock $880880$

Additional paid$-$in capital $4,6004,600$

Total paid$-$in capital $5,4805,480$

Retained earnings $31,81827,460$

Total stockholders' equity $37,29832,940$

Total liabilities and stockholders' equity $ $57,488$ $ $51,870$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $87,000$ $ $82,000$

Cost of goods sold $56,00052,000$

Gross margin $31,00030,000$

Selling and administrative expenses:

Selling expenses $9,3008,800$

Administrative expenses $12,80011,800$

Total selling and administrative expenses $22,10020,600$

Net operating income $8,9009,400$

Interest expense $1,0501,050$

Net income before taxes $7,8508,350$

Income taxes $3,1403,340$

Net income $4,7105,010$

Dividends to common stockholders $352704$

Net income added to retained earnings $4,3584,306$

Beginning retained earnings $27,46023,154$

Ending retained earnings $ $31,818$ $ $27,460$

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 $12\mathrm{.}34).)$