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 1,000,000 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 ofthis year was $28. 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 5 1,300 S 1,610 Accounts receivable, net 16,400 9,250 Inventory 10, 700 9, 000 Prepaid expenses 2, 000 2,500 Total current assets 30, 400 22,360 Property and equipment: Land 8,000 8,000 Buildings and equipment, net 21, 200 21,000 Total property and equipment 29,200 29,000 Total assets 559,600 $51,360 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $11,500 S 9,300 Accrued liabilities 1,000 1,700 Notes payable, short term 500 500 Total current liabilities 13,000 11,500 Longterm liabilities: Bonds payable 5,000 5,000 Total liabilities 13,000 16,500 Stockholders' equity: Common stock 1,000 1,000 Additional paidin capital 5,200 5,200 Total paidin capital 6,200 6,200 Retained earnings 35,400 28,660 Total stockholders' equity 41,600 34,860 Total liabilities and stockholders' equity $59,600 $51,360 lE'ileller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales 599,00: $94,000 Cost of goods sold 62,00: 58, 000 Gross margin 37,000 36, 000 Selling and administrative expenses: Selling expenses 10, 50: 10, 000 Administrative expenses 14 , 00: 13, 000 Total selling and administrative expenses 24,500 23, 000 Net operating income 12, 50: 13, 000 Interest expense 60: 600 Net income before taxes 11, 900 12, 400 Income taxes 4,76: 4,960 Net income 7, 14: '1', 440 Dividends to common stockholders 400 800 Net income added to retained earnings 6, 74: 6, 640 Beginning retained earnings 28, 66: 22, 020 Ending retained earnings $35, 40: $28, 660 | Required: Compute the following nancial 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 123).} 3. Return on total assets. [Round your percentage answer to 1 decimal place {i.e., 0.1234 should be entered as 123).} 4. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).)