Comparative financial statements for Weller Corporation a merchandising company, for the year ending December 31 appear below. The company clid 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 i '56. 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 ofthe company's common stock at the encl of this year was $26. All ofthe company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $3,302 :5 4,230 Accounts receivable, net 16,100 9,100 Inventory 10,550 8,800 Prepaid expenses 1,9?0 2,440 Total current assets 31,922 24,650 Property and equipment: Land 7,700 7,700 Buildings and equipment, net 20,900 20,200 Total property and equipment 28,600 28,400 Total assets 5 60,522 $ 53,050 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 5 11,200 $ 9,150 Accrued liabilities 940 1,550 Notes payable, short term 4?3 4?3 Total current liabilities 12,610 11,1?0 Long-term liabilities: Bonds payable ?,500 ?,500 Total liabilities 20,110 18,6T0 Stockholders' equity: Common stock 920 920 Additional paidin capital 5,050 5,050 Total paid-in capital 6,020 6,020 Retained earnings 34,392 28,350 Total stockholders' equity 40,412 34,380 Total liabilities and stockholders' equity $ 56,522 $ 53,959 Weller Corporation Comparative Income Statement and Reconciliation {dollars in thousands} This Year Last Year Sales s games s 91,oee Cost of goods sold 69,599 56,599 Gross margin 35,599 34,599 Selling and administrative expenses: Selling expenses 19,299 9,799 Administrative expenses 13,799 12,799 Total selling and administrative expenses 23,999 22,499 Net operating income 11,699 12,199 Interest expense 999 999 Net income before taxes 19,799 11,299 Income taxes 4,289 4,489 Net income 6,429 6,729 Dividends to common stockholders 388 776 Net income added to retained earnings 6,932 5,944 Beginning retained earnings 28,389 22,416 Ending retained earnings $ 34,392 $ 28,359 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 to1 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 123).} 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