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 970,000 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. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: $ 3,302 16,100 10,550 1,970 31,922 $ 4,230 9,100 Cash Accounts receivable, net 8,880 2,440 24,650 Inventory Prepaid expenses Total current assets Property and equipment: Land 7,700 7,700 Buildings and equipment, net Total property and equipment 20,900 28,600 20,700 28,400 $ 53,050 Total assets $ 60,522 Liabilities and Stockholders' Equity Current liabilities: $ 11,200 940 $ 9,150 1,550 Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable 470 470 12,610 11,170 Total liabilities Stockholders' equity: 7,500 20,110 7,500 18,670 Common stock 970 970 Additional paid-in capital Total paid-in capital Retained earnings Total stoakholders' equity 5,050 6,020 34,392 40,412 $ 60,522 5,050 6,020 28,360 34,380 $ 53,050 Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Thia Year $ 96,000 60,500 Last Year $ 91,000 56,500 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 35,500 34,500 10,200 13,700 9,700 12,700 Total selling and administrative expenses Net operating income Interest expense 23,900 11,600 22,400 12,100 900 900 Net income before taxes 10,700 4,280 11,200 4,480 6,720 776 Income taxes 6,420 388 Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings 6,032 28,360 5,944 22,416 Ending retained earnings $ 34,392 $ 28,360 Required: Compute the following financial data for this year: 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 3. Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 4. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage % 2. Net profit margin percentage % 3. Return on total assets % 4. Return on equity