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 860,000 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 $21. 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 Accounts receivable, net Inventory Prepaid expenses Total current assets $ 976 15,000 $ 1,920 10,050 10,000 8,440 1,860 2,220 27,836 22,630 Property and equipment: Land 6,600 6,600 Buildings and equipment, net 19,800 19,600 Total property and equipment 26,400 26, 200 Total assets $54,236 $48,830 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $10,100 $ 8,600 Accrued liabilities 720 1,000 Notes payable, short term 360 360 Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock 11,180 9,960 6,250 6,250 17,430 16, 210 860 860 Additional paid-in capital 4,500 4,500 Total paid-in capital 5,360 5,360 Retained earnings 31,446 27,260 Total stockholders' equity 36,806 32,620 Total liabilities and stockholders' equity $54,236 $48,830 Sales Weller Corporation Comparative Income Statement and Reconciliation Cost of goods sold (dollars in thousands) This Year Last Year $85,000 $80,000 55,000 51,000 Gross margin 30,000 29,000 Selling and administrative expenses: Selling expenses 9,100 8,600 Administrative expenses 12,600 11,600 Total selling and administrative expenses 21,700 20,200 Net operating income 8,300 8,800 Interest expense 750 750 Net income before taxes 7,550 8,050 Income taxes 3,020 3,220 Net income 4,530 4,830 Dividends to common stockholders 344 688 Net income added to retained earnings 4,186 4,142 Beginning retained earnings 27,260 23,118 Ending retained earnings $31,446 $27,260 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 35.3% 2. Net profit margin percentage 5.3% 3. Return on total assets % 4. Return on equity %