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 830,000 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 $20. All of the company's sales are on account Weller Corporation Comparative Balance Sheet dollars in thousands) This Year Last Year $ 5,070 12,600 9.850 1.830 29,358 $ 5,190 9,250 8,320 2,160 24,920 6,300 19.500 25.000 $ 55,158 6,300 19,300 25,600 $50,520 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment Land muildings 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 $ 9,800 660 330 $ 8,450 850 330 9,630 10,790 8.750 19,540 0.250 18,380 830 4,350 5,180 30.438 35,618 830 4,350 5,180 26,960 32,140 Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 5,078 12,600 9,850 1,830 29, 358 $ 5,190 9,250 8,320 2,160 24,920 6,300 19,500 25,800 $ 55, 158 6,300 19,300 25,600 $ 50, 520 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 $ 9,800 660 330 10,790 $ 8,450 850 330 9,630 8,750 19,540 8,750 18, 380 830 4,350 5,180 30, 438 35,618 $ 55,158 830 4,350 5,180 26,960 32,140 $ 50, 520 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Total Habilities and stockholders' equity $.55, 158 $ 50, 520 Last Year $ 77,000 49,500 27,500 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 82,000 Cost of goods sold 53,500 Gross margin 28,500 Selling and administrative expenses Selling expenses 8,800 Administrative expenses 12,300 Total selling and administrative expenses 21,100 Net operating income 7,400 Interest expense 1,050 Net income before taxes 6,350 Income taxe 2,540 Net income 3,810 Dividends to common stockholders 332 Net income added to retained earnings 3, 478 Deginning retained earnings 26,960 Ending retained earnings $ 30,438 8,300 11,300 19,600 7.900 2,050 6,850 2,740 6,110 664 3,446 23,514 $ 26,960 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 (ie., 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 profit margin percentage 3. Return on total assets 4. Return on equity % % % %