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please help Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any
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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 840,000 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 this year was $20. All of the company's sales are on account Wetter Corporation Comparative Balance Sheet dollars in thousands) This Year Lot Year $ 6,344 12,700 9.900 1.840 30.784 5.6,400 9,300 0,360 2,180 26,240 Assets Current at Canh Accounts receivable, net Inventory Prepaid expenses Total current at Property and equipment Land buildings and equipment, niet Total property and equipment Totalt Liabilities and stockholders' Equity Current liabilities Accounts payable Nccrued Liabilities Notes payable, short term Total current liabilities 6.400 19.600 26,000 556,784 6,400 19,400 25,800 $ 52,040 $ 9,900 680 8,500 900 340 9.740 10.920 10,000 20,920 10,000 19,740 840 Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 4,400 5, 240 30,624 35,864 $ 56,784 840 4,400 5, 240 27,060 32,300 $ 52,040 Last Year $ 78,000 50,000 28.000 weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 83,000 Cost of goods sold 54,000 Gross margin 29.000 Selling and administrative expension Selling expenses 8,900 Administrative expenses 12,400 Total selling and administrative expenses 21,300 Net operating income 7,700 Interest expense 1,200 Net Income before taxes 6,500 Income taxes 2,600 Net income 3,900 Dividends to common stockholders 336 Net income added to retained earnings 8,400 11,000 19,800 8,200 1.200 7,000 2,800 4,200 672 25 336 Interest expense 1,200 1,200 Net Income before taxes 6,500 7,000 Inose taxes 2.600 2,800 Net Income 3,900 4,200 Dividends to common stockholders 672 Bet income added to retained earnings 3,564 3,528 Beginning retained earnings 27.060 23,532 Ending retained earnings $ 30,624 $ 27,060 Required: Compute the following financial data for this year. 1. Gross margin percentage (Round your percentage answer to 1 decimal place (l.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).) % 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4 Return on equity % % 5 Step by Step Solution
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