compute the following financial data for this year
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 920,000 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 the year was $24. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousanda) This Year Last Year $ 2,772 15,600 10,300 $ 2,930 10,350 8,680 2.340 24,300 1,920 30,592 7.200 20,400 27,600 $58,192 7,200 20,200 27,400 $51,700 Assets Current asseter Canh Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Recounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities Bonde payable Total liabilities Stockholders' equity Common stock Additional paid-in capital Total paid.in capital Retained earning Total stockholders' equity Total liabilities and stockholders' equity $10,700 840 $ 8,900 1,300 420 10,620 11,960 7,500 7.500 18.120 920 4.800 5,720 33,012 30.732 $58,192 920 4.800 5.720 22.860 33.580 $51,700 eller Corporation Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year sales $91,000 $86,000 Cost of goods sold 58,000 54,000 Gross margin 33,000 32,000 Selling and administrative expenses Selling expenses 9,700 9,200 Administrative expenses 13,200 12,200 Total selling and administrative expenses 22,900 21,400 Net operating income 10,100 10,600 Interest expense 900 Net income before taxes 9,200 9,700 Income taxes 3,680 3,880 Nat income 5,520 5,820 Dividends to common stockholders 368 736 Net income added to retained earnings 5,152 5,084 Beginning retained earnings 27,860 22,776 Ending retained earnings $33,012 $27,860 900 Required: Compute the following financial data for this year: 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (ie, 0.1234 should be entered as 12.3).) 2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (le., 0.1234 should be entered as 12.3).) 3. Return on total assets. (Round your percentage answer to 1 decimal place (.e., 0.1234 should be entered as 12.3).) 4. Return on equity. (Round your percentage answer to 2 decimal places (1.0, 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 % % %
