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 $880,000$ 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 companys common stock at the end of this year was $$22.$ All of the companys sales are on account.Weller CorporationComparative Balance Sheet$($dollars in thousands$)$ This YearLast YearAssets Current assets: Cash$ $3,508$$ $4,340$Accounts receivable, net$15,20010,150$Inventory$10,1008,520$Prepaid expenses$1,8802,260$Total current assets$30,68825,270$Property and equipment: Land$6,8006,800$Buildings and equipment, net$20,00019,800$Total property and equipment$26,80026,600$Total assets$ $57,488$$ $51,870$Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ $10,300$$ $8,700$Accrued liabilities$7601,100$Notes payable, short term$380380$Total current liabilities$11,44010,180$Long$-$term liabilities: Bonds payable$8,7508,750$Total liabilities$20,19018,930$Stockholders' equity: Common stock$880880$Additional paid$-$in capital$4,6004,600$Total paid$-$in capital$5,4805,480$Retained earnings$31,81827,460$Total stockholders' equity$37,29832,940$Total liabilities and stockholders' equity$ $57,488$$ $51,870$Weller CorporationComparative Income Statement and Reconciliation$($dollars in thousands$)$ This YearLast YearSales$ $87,000$$ $82,000$Cost of goods sold$56,00052,000$Gross margin$31,00030,000$Selling and administrative expenses: Selling expenses$9,3008,800$Administrative expenses$12,80011,800$Total selling and administrative expenses$22,10020,600$Net operating income$8,9009,400$Interest expense$1,0501,050$Net income before taxes$7,8508,350$Income taxes$3,1403,340$Net income$4,7105,010$Dividends to common stockholders$352704$Net income added to retained earnings$4,3584,306$Beginning retained earnings$27,46023,154$Ending retained earnings$ $31,818$$ $27,460$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 $12\mathrm{.}34).$