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 960,000 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 $26. All of the company's sales are on account Weller Corporation Comparative Balance sheet (dollars in thousands) This Year Last Year $ 2,036 16,000 10.500 1.960 30.496 $ 3,020 9.050 3,840 2,420 23330 7,600 20,000 28,400 58.896 7.600 20.600 20200 $ 51,530 Assets Current ante: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment Land moildings and equipment, net Total property and equipment Total as I.labilities and stockholdere quity Current Isabilities Accounts payable Norued abilities Hotos payable, short term Total current liabilities Long-term Liabilities Bonda payable Total liabilities stockholders equity! Common stock Additional paid.in capital Total paid-in capital Retained warning Total stockholders equity Total liabilities and stockholders' equity $ 11,100 920 460 12.40 59,100 1,500 460 11.050 6,250 10x210 6,250 12310 960 960 5000 5,960 36206 40.166 $ 58,096 3.000 5,960 20260 34.220 5 51.530 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 95,000 $ 90,000 Cost of goods sold 60,000 56,000 Gross margin 35,000 34,000 Selling and administrative expenses : Selling expenses 10,100 9,600 Administrative expenses 13,600 12,600 Total selling and administrative expenses 23,700 22,200 Net operating income 11,300 11,800 Interest expense 750 750 Net income before taxes 10,550 11,050 Income taxes 4,220 4.420 Net income 6,330 6,630 Dividends to common stockholders 384 768 Net Income added to retained earnings 5,946 5,862 Beginning retained earnings 28,260 22,398 Ending retained earnings $ 34,206 $ 28,260 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... 0.1234 should be entered as 12.3).) 4. Return on equity. (Round your percentage answer to 2 decimal places i.e., 01234 should be entered as 12.34).) % 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4. Return on equity % % %