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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of the year was $24. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 2,772 15, 600 10,300 1.920 30,592 62,930 10, 350 8,680 2.340 24,300 7,200 20,400 27,600 658,192 7,200 20,200 27,400 $51,700 Assets Current sets: 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 Comeon atook Additional pald-in capital Totaald in Capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 610,700 840 420 11,960 48,900 1,300 420 10,620 920 920 4.900 3,720 33. 012 27.360 30,7323 80 058,192 51,700 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $91,000 686,000 Coat of goods sold 58,000 54,000 Gross margin 33,000 32,000 Selling and administrative expenses: Selling expenses 9,700 9,200 Administrative expenses 13,200 12,200 Total selling and administrative expenses 22,900 21,400 Net operating income 10,100 10,600 Interest expense 900 900 Net income before taxes 9, 200 9,700 Income taxes 3.680 Net income 5,520 5,820 Dividends to common stockholders 736 Net income added to retained earnings 5,152 5,084 Beginning retained earnings 27, 860 22,776 Ending retained earnings $33,012 427,860 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4. Return on equity