Comparative financial statements for Weller Corporation for the fiscal year ending December 31 appear below. The company did not issue any new common or preferred shares during the year. A total of 820,000 common shares were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40% and the dividend per share of common shares was $0.25. The market value of the company's common shares at the end of the year was $17 each. All of the company's sales are on account WELLER CORPORATION Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Current liabilities: Accounts payable Year 2 Year 1 $ 1,260 $ 1,560 12,788 9,063 9,570 8,300 1,790 2,000 25,408 20,923 6,200 6,200 19,120 19,320 25,320 25,520 $ 50,728 $ 46,443 Liabilities and Shareholders' Equity $ 9,300 $ 8,300 Accrued payables 590 800 Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Shareholders' equity: Preferred shares Common shares Additional paid-in capital Total paid-in capital Retained earnings Total shareholders' equity 280 290 10,170 9,390 5,000 5,000 15,170 14,390 1,800 1,800 820 820 2,810 2,810 5,430 5,430 30,128 26,623 35,558 32,053 Total liabilities and shareholders' equity $ 50,728 $ 46,443 WELLER CORPORATION Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross margin Operating expenses: Selling expenses Administrative expenses Total operating expenses Net operating income Interest expense Net income before taxes Less: Income taxes Net income Dividends to preferred shareholders Net income remaining for common shareholders Dividends to common shareholders Net income added to retained earnings Retained earnings, beginning of year Retained earnings, end of year Year 2 $ 79,000 Year 1 $ 74,100 51,800 48,000 27,200 26,100 8,500 7,990 11,800 11,000 20,300 18,990 6,900 7,110 500 500 6,400 6,610 2,560 2,644 3,840 3,966 130 380 3,710 205 3,505 3,586 26,623 $ 30,128 205 3,381 23,242 $ 26,623 Required: Compute the following financial ratios for common shareholders for year 2 (Round your intermediate calculations to 2 decimal places. Round your per share answers to 2 decimal places and other answers to 1 decimal place.): 1. Gross margin percentage 2. Earnings per share of common shares 3. Price-earnings ratio: 4. Dividend payout ratio 5. Dividend yield ratio 6. Return on total assets 7. Return on common shareholders' equity) 8. Book value per share Year 2 % per share % % % % per share