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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 3 1 appear below. The company did not issue any new

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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 950,000 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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the
end of this year was $26. All of the company's sales are on account.
Required:
Compute the following financial data for this year:
Gross margin percentage. (Round your percentage answer to 1 decimal place (i.e.,0.1234 should be entered as 12.3).)
Net profit margin percentage. (Round your percentage answer to 1 decimal place (i.e.,0.1234 should be entered as
12.3).)
Return on total assets. (Round your percentage answer to 1 decimal place (i.e.,0.1234 should be entered as 12.3).)
Return on equity. (Round your percentage answer to 2 decimal places (i.e.,0.1234 should be entered as 12.34).)
Answer is complete but not entirely correct.
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