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 950,000 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 the year was $26. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 270 15,900 10,450 1.950 29020 $ 1,810 9,000 8,800 2,400 22,010 17,500 20/700 28, 200 $57,270 7,500 20,500 28.000 $50,010 Assets Current assets! Cash necounts receivable, net Taventory Prepaid expenses Total current aneta Property and equipment Land Buildings and equipment, net Total property and equipment Total aseta Liabilities and Stockholders' Equity Current liabilities Accounts payable Recrued liabilities Sotes payable, short term Total current liabilities Long-term liabilities Tonda payable Total liabilities Stockholders' equity Common stock Additional paid in capital Total paid-in capital $11,000 900 450 12,350 $ 9,050 1.450 450 10.950 5.000 12,350 5.000 25.950 950 4.950 5,900 950 6250 5.900 Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 950 4,950 5,900 34,020 39,920 $57,270 950 4,950 5,900 28,160 34,060 $50,010 es Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $94,000 $89,000 Cost of goods sold 59,500 55,500 Gross margin 34,500 33,500 Selling and administrative expenses : Selling expenses 10,000 9,500 Administrative expenses 13,500 12,500 Total selling and administrative expenses 23,500 22,000 Net operating income 11,000 11,500 Interest expense 600 600 Net income before taxes 10,400 10,900 Income taxes 4,160 4,360 Net income 6,240 6,540 Dividends to common stockholders 380 760 Net income added to retained earnings 5,860 5,780 Beginning retained earnings 28,160 22,380 Ending retained earnings $34,020 $28,160 Required: Compute the following financial data for this year: 34,500 33,500 WLM M GUAM Gross margin Selling and administrative expenses Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net Income before taxes Income taxe Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 10,000 13,500 23,500 11,000 600 10,400 4,160 6,240 380 5,860 28,160 $34,020 9,500 12,500 22,000 11,500 600 10,900 4,360 6,540 760 5,780 22,380 $28,160 36 Required: Compute the following financial data for this year: 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (l.e., 0.1234 should be entered as 12.3).) 2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (.e., 0.1234 should be entered as 12.3).) 3. Return on total assets. (Round your percentage answer to 1 decimal place (.e., 0.1234 should be entered as 12.3).) 4. Return on equity. (Round your percentage answer to 2 decimal places (l.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 %