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 800,000 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 $18. All of the company's sales are on account. 2.08 points Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets El Current assets : Cash 5 1,280 $ 1,560 eBook Accounts receivable, net 12,300 9, 100 Inventory 9,700 8,200 3 Prepaid expenses 1,800 2, 100 Total current assets 25,080 20,960 Hint Property and equipment: Land 6,000 6,000 Buildings and equipment, net 19,200 19,000 E Total property and equipment 25,200 25,000 Pm\" Total assets 3 50,280 s 45,960 Liabilities and Stockholders' Equity Current liabilities: References Accounts payable 5 9,500 $ 8,300 Accrued liabilities 600 700 Notes payable, short term 300 300 Total current liabilities 10,400 9,300 Longterm liabilities : Bonds payable 5,000 5,000 Total liabilities 15,400 14,300 Stockholders' equity: Common stock 800 800 Additional paid-in capital 4,200 4,200 Total paid-in capital 5,000 5,000 Retained earnings 29,880 26,660 Total stockholders' equity 34,830 31,660 Total liabilities and stockholders' equity 5 50,280 $ 45,960 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) 2.08 This Year Last Year points Sales s 79,000 5 74,000 Cost of goods sold 52,000 48,000 Gross margin 27,000 26,000 Selling and administrative expenses: Selling expenses 8,500 8,000 Administrative expenses 12,000 11,000 Total selling and administrative expenses 20,500 19,000 El Net operating income 6,500 7,000 eBook Interest expense 600 600 Net income before taxes 5,900 6,400 Income taxes 2,360 2,560 Net income 3,540 3,840 Hint Dividends to common stockholders 320 600 Net income added to retained earnings 3,220 3,240 Beginning retained earnings 26,660 23,420 Ending retained earnings 5 29,880 $ 26,660 Print Required: Compute the following financial data for this year: References 1. Gross margin percentage (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 2. Net prot 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 prot margin percentage 4.5 % 3. Return on total assets 3 5% 4. Return on equ y %