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 900,000 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 $23. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 240 15,400 10, 200 1,900 27,740 $ 510 10, 250 8,600 2,300 21,660 7,000 20, 200 27, 200 $54,940 7,000 20,000 27,000 $48,660 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $10,500 800 400 11,700 $ 8, 800 1,200 400 10,400 5,000 16,700 5,000 15,400 900 4,700 5,600 32, 640 38, 240 $54, 940 900 4,700 5,600 27,660 33, 260 $48, 660 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $89,000 $84,000 Cost of goods sold 57,000 53,000 Gross margin 32,000 31,000 Selling and administrative expenses: Selling expenses 9,500 9,000 Administrative expenses 13,000 12,000 Total selling and administrative expenses 22,500 21,000 Net operating income 9,500 10,000 Interest expense 600 600 Net income before taxes 8,900 9,400 Income taxes 3,560 3,760 Net income 5, 340 5,640 Dividends to common stockholders 360 720 Net income added to retained earnings 4,980 4,920 Beginning retained earnings 27,660 22,740 Ending retained earnings $32,640 $27,660 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 rgin percentage 2. Net profit margin percentage 3. Return on total assets 4. Return on equity 35.9% 6.01% 10.3% 13.96%