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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 990,000 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 $27.50. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
This Year Last Year
Assets
Current assets:
Cash $ 5,834 $ 6,650
Accounts receivable, net 16,300 9,200
Inventory 10,650 8,960
Prepaid expenses 1,990 2,480
Total current assets 34,774 27,290
Property and equipment:
Land 7,900 7,900
Buildings and equipment, net 21,100 20,900
Total property and equipment 29,000 28,800
Total assets $ 63,774 $ 56,090
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 11,400 $ 9,250
Accrued liabilities 980 1,650
Notes payable, short term 490 490
Total current liabilities 12,870 11,390
Long-term liabilities:
Bonds payable 10,000 10,000
Total liabilities 22,870 21,390
Stockholders' equity:
Common stock 990 990
Additional paid-in capital 5,150 5,150
Total paid-in capital 6,140 6,140
Retained earnings 34,764 28,560
Total stockholders' equity 40,904 34,700
Total liabilities and stockholders' equity $ 63,774 $ 56,090

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
This Year Last Year
Sales $ 98,000 $ 93,000
Cost of goods sold 61,500 57,500
Gross margin 36,500 35,500
Selling and administrative expenses:
Selling expenses 10,400 9,900
Administrative expenses 13,900 12,900
Total selling and administrative expenses 24,300 22,800
Net operating income 12,200 12,700
Interest expense 1,200 1,200
Net income before taxes 11,000 11,500
Income taxes 4,400 4,600
Net income 6,600 6,900
Dividends to common stockholders 396 396
Net income added to retained earnings 6,204 6,504
Beginning retained earnings 28,560 22,056
Ending retained earnings $ 34,764 $ 28,560

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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