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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$26.$ 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 $ $770$ $ $1,810$

Accounts receivable, net $15,9009,000$

Inventory $10,4508,800$

Prepaid expenses $1,9502,400$

Total current assets $29,07022,010$

Property and equipment:

Land $7,5007,500$

Buildings and equipment, net $20,70020,500$

Total property and equipment $28,20028,000$

Total assets $ $57,270$ $ $50,010$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $11,000$ $ $9,050$

Accrued liabilities $9001,450$

Notes payable, short term $450450$

Total current liabilities $12,35010,950$

Long$-$term liabilities:

Bonds payable $5,0005,000$

Total liabilities $17,35015,950$

Stockholders' equity:

Common stock $950950$

Additional paid$-$in capital $4,9504,950$

Total paid$-$in capital $5,9005,900$

Retained earnings $34,02028,160$

Total stockholders' equity $39,92034,060$

Total liabilities and stockholders' equity $ $57,270$ $ $50,010$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $94,000$ $ $89,000$

Cost of goods sold $59,50055,500$

Gross margin $34,50033,500$

Selling and administrative expenses:

Selling expenses $10,0009,500$

Administrative expenses $13,50012,500$

Total selling and administrative expenses $23,50022,000$

Net operating income $11,00011,500$

Interest expense $600600$

Net income before taxes $10,40010,900$

Income taxes $4,1604,360$

Net income $6,2406,540$

Dividends to common stockholders $380760$

Net income added to retained earnings $5,8605,780$

Beginning retained earnings $28,16022,380$

Ending retained earnings $ $34,020$ $ $28,160$

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