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 $870,000$ 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$$s common stock at the end of this year was $$22.$ 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 $ $2,242$ $ $3,130$

Accounts receivable, net $15,10010,100$

Inventory $10,0508,480$

Prepaid expenses $1,8702,240$

Total current assets $29,26223,950$

Property and equipment:

Land $6,7006,700$

Buildings and equipment, net $19,90019,700$

Total property and equipment $26,60026,400$

Total assets $ $55,862$ $ $50,350$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $10,200$ $ $8,650$

Accrued liabilities $7401,050$

Notes payable, short term $370370$

Total current liabilities $11,31010,070$

Long$-$term liabilities:

Bonds payable $7,5007,500$

Total liabilities $18,81017,570$

Stockholders' equity:

Common stock $870870$

Additional paid$-$in capital $4,5504,550$

Total paid$-$in capital $5,4205,420$

Retained earnings $31,63227,360$

Total stockholders' equity $37,05232,780$

Total liabilities and stockholders' equity $ $55,862$ $ $50,350$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $86,000$ $ $81,000$

Cost of goods sold $55,50051,500$

Gross margin $30,50029,500$

Selling and administrative expenses:

Selling expenses $9,2008,700$

Administrative expenses $12,70011,700$

Total selling and administrative expenses $21,90020,400$

Net operating income $8,6009,100$

Interest expense $900900$

Net income before taxes $7,7008,200$

Income taxes $3,0803,280$

Net income $4,6204,920$

Dividends to common stockholders $348696$

Net income added to retained earnings $4,2724,224$

Beginning retained earnings $27,36023,136$

Ending retained earnings $ $31,632$ $ $27,360$

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 $12\mathrm{.}34).)$