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 $920,000$ 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$$s common stock at the end of this year was $$24.$ 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 $ $2,772$ $ $2,930$

Accounts receivable, net $15,60010,350$

Inventory $10,3008,680$

Prepaid expenses $1,9202,340$

Total current assets $30,59224,300$

Property and equipment:

Land $7,2007,200$

Buildings and equipment, net $20,40020,200$

Total property and equipment $27,60027,400$

Total assets $ $58,192$ $ $51,700$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $10,700$ $ $8,900$

Accrued liabilities $8401,300$

Notes payable, short term $420420$

Total current liabilities $11,96010,620$

Long$-$term liabilities:

Bonds payable $7,5007,500$

Total liabilities $19,46018,120$

Stockholders' equity:

Common stock $920920$

Additional paid$-$in capital $4,8004,800$

Total paid$-$in capital $5,7205,720$

Retained earnings $33,01227,860$

Total stockholders' equity $38,73233,580$

Total liabilities and stockholders' equity $ $58,192$ $ $51,700$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $91,000$ $ $86,000$

Cost of goods sold $58,00054,000$

Gross margin $33,00032,000$

Selling and administrative expenses:

Selling expenses $9,7009,200$

Administrative expenses $13,20012,200$

Total selling and administrative expenses $22,90021,400$

Net operating income $10,10010,600$

Interest expense $900900$

Net income before taxes $9,2009,700$

Income taxes $3,6803,880$

Net income $5,5205,820$

Dividends to common stockholders $368736$

Net income added to retained earnings $5,1525,084$

Beginning retained earnings $27,86022,776$

Ending retained earnings $ $33,012$ $ $27,860$

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