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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
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 this year was $26. All of the company's 5 ales are on account. 3Locknolaers equicy: \begin{tabular}{lrr} Common stock & 960 & 960 \\ Additional paid-in capital & 5,960 & 5,960 \\ Total paid-in capital & 5,960 & 5,960 \\ Retained earnings & 34,206 & 28,260 \\ \hline Total stockholders' equity & 40,166 & 34,220 \\ \hline Total liabilities and stockholders' equity & $58,896 & $51,530 \\ \hline \end{tabular} 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 ploce (i.e., 0.1234 should be entered as 12.3).) 4. Return on equity. (Round your percentoge onswer to 2 decimal ploces (i.e., 0.1234 should be entered as 12.34).)
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