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 $910,000$ 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$$s common stock at the end of this year was $$24.$ 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 $ $1,506$ $ $1,720$

Accounts receivable, net $15,50010,300$

Inventory $10,2508,640$

Prepaid expenses $1,9102,320$

Total current assets $29,16622,980$

Property and equipment:

Land $7,1007,100$

Buildings and equipment, net $20,30020,100$

Total property and equipment $27,40027,200$

Total assets $ $56,566$ $ $50,180$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $10,600$ $ $8,850$

Accrued liabilities $8201,250$

Notes payable, short term $410410$

Total current liabilities $11,83010,510$

Long$-$term liabilities:

Bonds payable $6,2506,250$

Total liabilities $18,08016,760$

Stockholders' equity:

Common stock $910910$

Additional paid$-$in capital $4,7504,750$

Total paid$-$in capital $5,6605,660$

Retained earnings $32,82627,760$

Total stockholders' equity $38,48633,420$

Total liabilities and stockholders' equity $ $56,566$ $ $50,180$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $90,000$ $ $85,000$

Cost of goods sold $57,50053,500$

Gross margin $32,50031,500$

Selling and administrative expenses:

Selling expenses $9,6009,100$

Administrative expenses $13,10012,100$

Total selling and administrative expenses $22,70021,200$

Net operating income $9,80010,300$

Interest expense $750750$

Net income before taxes $9,0509,550$

Income taxes $3,6203,820$

Net income $5,4305,730$

Dividends to common stockholders $364728$

Net income added to retained earnings $5,0665,002$

Beginning retained earnings $27,76022,758$

Ending retained earnings $ $32,826$ $ $27,760$

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