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 810,000 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 companys common stock at the end of the year was $18. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	2,546		$	2,770
Accounts receivable, net		12,400			9,150
Inventory		9,750			8,240
Prepaid expenses		1,810			2,120
Total current assets		26,506			22,280
Property and equipment:
Land		6,100			6,100
Buildings and equipment, net		19,300			19,100
Total property and equipment		25,400			25,200
Total assets	$	51,906		$	47,480
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	9,600		$	8,350
Accrued liabilities		620			750
Notes payable, short term		310			310
Total current liabilities		10,530			9,410
Long-term liabilities:
Bonds payable		6,250			6,250
Total liabilities		16,780			15,660
Stockholders' equity:
Common stock		810			810
Additional paid-in capital		4,250			4,250
Total paid-in capital		5,060			5,060
Retained earnings		30,066			26,760
Total stockholders' equity		35,126			31,820
Total liabilities and stockholders' equity	$	51,906		$	47,480

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

This Year

Last Year

Sales

$

80,000

$

75,000

Cost of goods sold

52,500

48,500

Gross margin

27,500

26,500

Selling and administrative expenses:

Selling expenses

8,600

8,100

Administrative expenses

12,100

11,100

Total selling and administrative expenses

20,700

19,200

Net operating income

6,800

7,300

Interest expense

750

750

Net income before taxes

6,050

6,550

Income taxes

2,420

2,620

Net income

3,630

3,930

Dividends to common stockholders

324

648

Net income added to retained earnings

3,306

3,282

Beginning retained earnings

26,760

23,478

Ending retained earnings

$

30,066

$

26,760

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