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 970,000 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 $ 3,302 16,100 10, 550 1,970 31,922 $ 4,230 9,108 8,888 2,448 24,650 7,780 20,900 28,600 $60,522 7,700 20,700 28,400 $53,650 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: 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 $11,200 940 470 12,610 $ 9,152 1,550 470 11,170 7,500 20,110 7,500 18,670 970 5,050 6,020 34,392 40,412 $60,522 970 5,650 6,020 28,360 34,380 $53,850 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $96,800 cost goods sold 60, 500 Gross margin 35,500 selling and administrative expenses: Selling expenses 10.200 Last Year $91,880 56,500 34,500 9.780 Total liabilities and stockholders' equity 560,522 $53, 650 Last Year $91,800 56,500 34,580 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $96,000 cost of goods sold 60,500 Gross margin 35,500 selling and administrative expenses: Selling expenses 10,200 Administrative expenses 13,700 Total selling and administrative expenses 23,900 Net operating income 11,600 Interest expense 900 Net income before taxes 10,700 Income taxes 4,280 Net income 6,420 Dividends to common stockholders 388 Net income added to retained earnings 6,032 Beginning retained earnings 28,360 Ending retained earnings $34,392 9,700 12,780 22,482 12,100 900 11,200 4,480 6,720 776 5,944 22,416 $28,360 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 (l.e., 0.1234 should be entered as 12.3).) 3. Return on total assets. (Round your percentage answer to 1 decimal place (l.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 % %