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 980,000 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 50.75 last year and $0.40 this year. The market value of the company's common stock at the end of the year was $27. All of the company's sales ate an account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year East Year Assets Current assets $4,568 16,200 12,600 1,98 $5,40 9,150 3,920 25920 7,500 20.00 7.800 21,200 20,300 562,148 554,57 Accounts receivable, net Laventory Prepaid expenses Total current assets Property and equipment Land buldings and coulent, net Tutal property and equisent Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable accrued liabilities tes Doyle, short ters Total current lilities Long tits Bonds we Total liabilities l 13. Coronto Rositional si capital $11,3 960 5.9.200 1.600 3,750 2001 21,490 5.100 5,100 Prey 6 of 7 Next > to search O 95% 8,750 21,490 8,750 29,030 LUNE-Ler 110ULLILLES: 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 980 5,180 6,080 34,578 40,658 $62,148 980 5,109 6,888 28,460 34,540 $54,570 Welier Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $97,000 $92,800 Cost of goods sold 61,000 57,000 Gross margin 36,000 35,600 Selling and administrative expenses: Selling expenses 10,300 9,800 Administrative expenses 13,800 12,800 Total selling and administrative expenses 24,100 22,600 Net operating income 11,900 12,400 Interest expense 1,050 1,ese Net income before taxes 10,850 11,350 Income taxes 4,340 4,540 Net Income 6,510 6,810 Dividends to common stockholders 392 784 Net Income added to retained earnings 6,118 6,026 Beginning retained earnings 28,450 22,434 Ending retained earnings $34,578 $28,460 co search o L 3 Required: Compute the following financial data for this year. 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (1.0, 0.1234 should be entered as 123)) 2. Net profit margin percentage (Round your percentage answer to 1 decimal place it.e., 0.1234 should be entered as 12.a) 3. Return on total assets. (Round your percentage answer to decimal place (ie, 0.1234 should be entered as 12.3).) 4 Return on equity. (Round your percentage answer to 2 decimal places de 0.1234 should be entered as 12.34).) 9 1. Gross margin percentage 2 Net profit margin percentage 3 Return on total assets 4. Return on equity O search HD ot