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 820,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 12%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $19. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet dollars in thousands) This Year Last Year Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses $ 3,812 $ 3,980 9,200 8,280 2,140 12,500 9,800 1,820 Total current assets 27,932 23,600 Property and equipment: 6,200 6,200 Land Buildings and equipment, net 19,400 19,200 25,600 25,400 $53,532$49,000 Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term $ 9,700 $8,400 800 320 640 320 10,660 7,500 9,520 7,500 18,160 17,020 Total current liabilities Long-term liabilities Bonds payable Total liabilities Stockholders' equity Common stock Additional paid-in capital 820 4,300 820 4,300 5,120 Total paid-in capital Retained earnings 5,120 30,252 26,860 35,37231,980 $53,532 $49,000 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $81,000 $76,000 53,000 49,000 Sales Cost of goods sold Gross margin Selling and administrative expenses 28,000 27,000 Selling expenses 8,700 8,200 Administrative expenses Total selling and administrative expenses Net operating income 12,200 11,200 20,90019,400 7,600 7,100 900 Interest expense 900 6,200 2,480 Net income before taxes 6,700 Income taxes 2,680 4,020 3,720 328 Net income Dividends to common stockholders 328 Net income added to retained earnings 3,392 3,692 Beginning retained earnings 26,860 23,168 Ending retained earnings $30,252 $26,860 Required Compute the following financial data for this year: 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (ie, 0.1234 should be entered as 12.3).) Gross margin percentage 2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Net profit margin percentage 3. Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Return on total assets 4. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) Return on equity