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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}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

Assets

Current assets:

Cash $ $2,036$ $ $3,020$

Accounts receivable, net $16,0009,050$

Inventory $10,5008,840$

Prepaid expenses $1,9602,420$

Total current assets $30,49623,330$

Property and equipment:

Land $7,6007,600$

Buildings and equipment, net $20,80020,600$

Total property and equipment $28,40028,200$

Total assets $ $58,896$ $ $51,530$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $11,100$ $ $9,100$

Accrued liabilities $9201,500$

Notes payable, short term $460460$

Total current liabilities $12,48011,060$

Long$-$term liabilities:

Bonds payable $6,2506,250$

Total liabilities $18,73017,310$

Stockholders' equity:

Common stock $960960$

Additional paid$-$in capital $5,0005,000$

Total paid$-$in capital $5,9605,960$

Retained earnings $34,20628,260$

Total stockholders' equity $40,16634,220$

Total liabilities and stockholders' equity $ $58,896$ $ $51,530$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $95,000$ $ $90,000$

Cost of goods sold $60,00056,000$

Gross margin $35,00034,000$

Selling and administrative expenses:

Selling expenses $10,1009,600$

Administrative expenses $13,60012,600$

Total selling and administrative expenses $23,70022,200$

Net operating income $11,30011,800$

Interest expense $750750$

Net income before taxes $10,55011,050$

Income taxes $4,2204,420$

Net income $6,3306,630$

Dividends to common stockholders $384768$

Net income added to retained earnings $5,9465,862$

Beginning retained earnings $28,26022,398$

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$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).)$

$2.$ Net profit margin percentage. $($Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).)$

$3.$ Return on total assets. $($Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).)$

$4.$ Return on equity. $($Round your percentage answer to $2$ decimal places $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}34).)$