Exercise 14-5 (Algo) Financial Ratios for Assessing Profitability [LO14-5] Comparasve fonandal statements for Welier Corporation, a merchandising company, for the year ending December 31 appear below, The company did not issue ary new common stock during the year. A totel of 840,000 shares of cammon stock were outstanding, The interest rate on the bond payable was 12, the income tax rate was 40K, and the dividend per share of common stock was 50.75 ist year and 50.40 this year. The market vatue of the compaby's common stock at the end of this year was $20. Alf of the compony/s saies. arre on account Compute the fotowing francial data for tha year 1. Gross margin pevicentoge. (Round your percentage anwwer to 1 decimal place (i.e., 0.1234 should be entered as 12.32) 2. Net proft margen percentage, (Pound your percentage answer to 1 decimal place (i.e., 0.1234 should ber entered as 12.3 ) 3. Return on fotsi assets. (Hound your percentage ansiwer to 1 decimal place (le, 0.1234 should be entered an 12.3) 4. Retum on equity. (Alound your percentoge answer to 2 decimal places (Le, 0.1234 should be entered as 12.34 ).)