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 $840,000$ 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$$s common stock at the end of this year was $$20.$ 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 $ $6,344$ $ $6,400$

Accounts receivable, net $12,7009,300$

Inventory $9,9008,360$

Prepaid expenses $1,8402,180$

Total current assets $30,78426,240$

Property and equipment:

Land $6,4006,400$

Buildings and equipment, net $19,60019,400$

Total property and equipment $26,00025,800$

Total assets $ $56,784$ $ $52,040$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $9,900$ $ $8,500$

Accrued liabilities $680900$

Notes payable, short term $340340$

Total current liabilities $10,9209,740$

Long$-$term liabilities:

Bonds payable $10,00010,000$

Total liabilities $20,92019,740$

Stockholders' equity:

Common stock $840840$

Additional paid$-$in capital $4,4004,400$

Total paid$-$in capital $5,2405,240$

Retained earnings $30,62427,060$

Total stockholders' equity $35,86432,300$

Total liabilities and stockholders' equity $ $56,784$ $ $52,040$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $83,000$ $ $78,000$

Cost of goods sold $54,00050,000$

Gross margin $29,00028,000$

Selling and administrative expenses:

Selling expenses $8,9008,400$

Administrative expenses $12,40011,400$

Total selling and administrative expenses $21,30019,800$

Net operating income $7,7008,200$

Interest expense $1,2001,200$

Net income before taxes $6,5007,000$

Income taxes $2,6002,800$

Net income $3,9004,200$

Dividends to common stockholders $336672$

Net income added to retained earnings $3,5643,528$

Beginning retained earnings $27,06023,532$

Ending retained earnings $ $30,624$ $ $27,060$

Required:

Compute the following financial data for this year:

Gross margin percentage.

Note: Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).$

Net profit margin percentage.

Note: Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).$

Return on total assets.

Note: Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).$

Return on equity.

Note: Round your percentage answer to $2$ decimal places $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).$