Exercise 15-5 Financial Ratios for Assessing Profitability (LO15-5] 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 bond payable was 12, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and S0.40 this year. The market value of the company's common stock at the end of this year was $18. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ $ 2,770 9,150 Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: 2,546 12,400 9,750 1.810 2.12e 22,280 19,120 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: $51,906 $ 47,480 $ 9,600 $ 8,350 18,532 16,780 15,66e Accrued liabilities Notes payable, short term Total current liabilitics Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid in capital Total paid in capital Retained carnings Total stockholders' equity Total liabilities and stockholders' cquity Last Year $ 75, 48, see Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $80,00 Cost of goods sold 52,500 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 12.100 Total selling and administrative expenses 2e.zee Net operating income Interest expense Net income before taxes Net incoTS Dividends to common stockholders Net income added to retained earnings Beginning retained carnings Ending retained earnings Required: 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 (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 (.e., 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