Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 $0.40. The market value of the companys common stock at the end of the year was $26.00. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	2,036		$	3,020
Accounts receivable, net		16,000			9,050
Inventory		10,500			8,840
Prepaid expenses		1,960			2,420
Total current assets		30,496			23,330
Property and equipment:
Land		7,600			7,600
Buildings and equipment, net		20,800			20,600
Total property and equipment		28,400			28,200
Total assets	$	58,896		$	51,530
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	11,100		$	9,100
Accrued liabilities		920			1,500
Notes payable, short term		460			460
Total current liabilities		12,480			11,060
Long-term liabilities:
Bonds payable		6,250			6,250
Total liabilities		18,730			17,310
Stockholders' equity:
Common stock		960			960
Additional paid-in capital		5,000			5,000
Total paid-in capital		5,960			5,960
Retained earnings		34,206			28,260
Total stockholders' equity		40,166			34,220
Total liabilities and stockholders' equity	$	58,896		$	51,530

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)

This Year

Last Year

Sales

$

95,000

$

90,000

Cost of goods sold

60,000

56,000

Gross margin

35,000

34,000

Selling and administrative expenses:

Selling expenses

10,100

9,600

Administrative expenses

13,600

12,600

Total selling and administrative expenses

23,700

22,200

Net operating income

11,300

11,800

Interest expense

750

750

Net income before taxes

10,550

11,050

Income taxes

4,220

4,420

Net income

6,330

6,630

Dividends to common stockholders

384

384

Net income added to retained earnings

5,946

6,246

Beginning retained earnings

28,260

22,014

Ending retained earnings

$

34,206

$

28,260

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 (i.e., 0.1234 should be entered as 12.34).)