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 960,000 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 Assets Current assets: Accounts receivable, net 16,000 18,500 Inventory Prepaid expenses Total current assets 30,496 Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity 20,600 26,4828,200 $58,896 $51,530 28,800 28.400 Current liabilities: Accounts payable Accrued liabilities $11,100 9,100 Notes payable, short term 460 468 Total current liabilities Long-term liabilities: 12,480 11,060 Bonds payable Total liabilities Stockholders' equity: 17,310 960 960 Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 34,286 40.166 34,228 $58,896 $51,530 ler Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $95,080 $90,000 sales Cost of goods sold Gross margin Selling and administrative expenses: 60,000 56,000 Selling expenses 18,100 Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes 12,600 22,200 11,808 4,228 6,33 630 Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings $34,206 $28,260 Ending retained earnings 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! 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).) Answer is complete but not entirely correct. 1Gross margin percentage 2 Net profit margin percentage Return on total assets 17.02 Return