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 $820,000$ 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$$s common stock at the end of this year was $$19.$ 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 $ $3,812$ $ $3,980$

Accounts receivable, net $12,5009,200$

Inventory $9,8008,280$

Prepaid expenses $1,8202,140$

Total current assets $27,93223,600$

Property and equipment:

Land $6,2006,200$

Buildings and equipment, net $19,40019,200$

Total property and equipment $25,60025,400$

Total assets $ $53,532$ $ $49,000$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $9,700$ $ $8,400$

Accrued liabilities $640800$

Notes payable, short term $320320$

Total current liabilities $10,6609,520$

Long$-$term liabilities:

Bonds payable $7,5007,500$

Total liabilities $18,16017,020$

Stockholders' equity:

Common stock $820820$

Additional paid$-$in capital $4,3004,300$

Total paid$-$in capital $5,1205,120$

Retained earnings $30,25226,860$

Total stockholders' equity $35,37231,980$

Total liabilities and stockholders' equity $ $53,532$ $ $49,000$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $81,000$ $ $76,000$

Cost of goods sold $53,00049,000$

Gross margin $28,00027,000$

Selling and administrative expenses:

Selling expenses $8,7008,200$

Administrative expenses $12,20011,200$

Total selling and administrative expenses $20,90019,400$

Net operating income $7,1007,600$

Interest expense $900900$

Net income before taxes $6,2006,700$

Income taxes $2,4802,680$

Net income $3,7204,020$

Dividends to common stockholders $328656$

Net income added to retained earnings $3,3923,364$

Beginning retained earnings $26,86023,496$

Ending retained earnings $ $30,252$ $ $26,860$

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