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 800,000 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 $18. All of the company's sales are on account eller Corporation Comparative Balance Sheet (callers in thousands) This Year Last Year $ 1,280 12,309 9,780 1,500 25,8 5 1,560 9,100 3,200 2,100 20,960 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 abilities and Stockholders' Equity Current abilities: Accounts payable Accrued abilities Notes payable, short ters Total current abilities Long-term labilities: 6,000 19,200 25,200 550,280 6,880 19,690 25,000 545,950 $ 8,300 700 $ 9,500 60 380 10,00 9300 5,000 15,480 5,800 14,300 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 889 4,200 5,889 29,889 34,889 $50,289 880 4,200 5,890 26,660 31,660 $45,960 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $79,800 $74,800 Cost of goods sold 52,898 48,888 Gross margin 27,989 26,800 Selling and administrative expenses: Selling expenses 8,500 8,890 Administrative expenses 12,800 11,099 Total selling and administrative expenses 20,589 19,899 Net operating income 6,500 7,898 Interest expense 689 680 Net income before taxes 5,980 6,400 Income taxes 2,360 2,560 Net income 3,540 3,840 Dividends to common stockholders 320 600 Net income added to retained earnings 3,220 3,240 Beginning retained earnings 26,660 23,420 C70 RRR 26 KK 1. Gross margin percentage (Round your percentage answer to 1 decimal place (Le., 0.1234 should be entered as 12.3].) 2 Net profit margin percentage. (Round your percentage answer to 1 decimal place fie., 0.1234 should be entered as 12.31.) 3. Return on total assets. (Round your percentage answer to 1 decimal place lie., 0.1234 should be entered as 12.3).) 4. Return on equity (Round your percentage answer to 2 decimal places fie, 0.1234 should be entered as 12:34).) Answer is complete but not entirely correct. 1 342 2 45 Gross margin percentage Net profit margin percentage Raum ons totales Remonty 3 4 73 % 10.64 %