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Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new

Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 930,000 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 $0.40. The market value of the companys common stock at the end of the year was $24.50. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
This Year Last Year
Assets
Current assets:
Cash $ 4,038 $ 4,140
Accounts receivable, net 15,700 10,400
Inventory 10,350 8,720
Prepaid expenses 1,930 2,360
Total current assets 32,018 25,620
Property and equipment:
Land 7,300 7,300
Buildings and equipment, net 20,500 20,300
Total property and equipment 27,800 27,600
Total assets $ 59,818 $ 53,220
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 10,800 $ 8,950
Accrued liabilities 860 1,350
Notes payable, short term 430 430
Total current liabilities 12,090 10,730
Long-term liabilities:
Bonds payable 8,750 8,750
Total liabilities 20,840 19,480
Stockholders' equity:
Common stock 930 930
Additional paid-in capital 4,850 4,850
Total paid-in capital 5,780 5,780
Retained earnings 33,198 27,960
Total stockholders' equity 38,978 33,740
Total liabilities and stockholders' equity $ 59,818 $ 53,220

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
This Year Last Year
Sales $ 92,000 $ 87,000
Cost of goods sold 58,500 54,500
Gross margin 33,500 32,500
Selling and administrative expenses:
Selling expenses 9,800 9,300
Administrative expenses 13,300 12,300
Total selling and administrative expenses 23,100 21,600
Net operating income 10,400 10,900
Interest expense 1,050 1,050
Net income before taxes 9,350 9,850
Income taxes 3,740 3,940
Net income 5,610 5,910
Dividends to common stockholders 372 372
Net income added to retained earnings 5,238 5,538
Beginning retained earnings 27,960 22,422
Ending retained earnings $ 33,198 $ 27,960

Required:
Compute the following financial data for this year:

1.

Gross margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

2.

Net profit margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

3.

Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

4.

Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).)

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