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 840.000 shares of common stock were outstanding. The Interest rate on the bond payable was 129, 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 $20. 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 Total current assets Property and equipment: $ 6,344 12,700 9,9ee 1.840 32,784 $ 6,480 9,380 8,360 2.180 26,240 Land 6,48e 19,689 26.888 $56,784 6,480 19,480 25,800 $52,840 $ 9,900 $ 8,500 680 980 340 18,920 340 9,740 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: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 10,880 20,920 10,880 19,740 840 4.480 5.240 840 4,480 5.240 27,860 32,380 $52,840 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $83,000 $78,089 Cost of goods sold 54,900 50,000 Gross margin 29,80 28,080 Selling and administrative expenses: Selling expenses 8, 9ee 8.480 Administrative expenses 12,489 11,400 Total selling and administrative expenses 21.380 19,880 Net operating income 7,780 Interest expense 1,280 1,200 Net income before taxes 6,5ee 7,eee Income taxes 2,68 2.800 Net income 3,990 4,280 Dividends to common stockholders 336 672 Net income added to retained earnings 3,564 3,528 Beginning retained earnings 27,060 23,532 Ending retained earnings $39.624 $27,060 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 (.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4. Return on equity