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please help with the numbers in the problem Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below.
please help with the numbers in the problem
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 880,000 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 $22. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 3,500 15,200 10,100 1,880 30, 688 $ 4,340 10,150 8,520 2,260 25,270 6,800 20,000 26.800 $ 57,488 6,800 19.800 26,600 $ 51,070 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 Liabilities and stockholders' Equity Current liabilities: Accounts payable Mccrued liabilities Motes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Common stock Additional paid in capital Total pald-in capital Retained earning Total stockholders' equity Total abilities and stockholders' equity $ 10,300 760 380 11,440 5 8,700 1.100 380 10.180 0.750 20, 190 8.750 18.930 880 4.600 5.480 31.810 32 290 $ 57,488 880 4.600 14.40 21,460 32940 $ 51,870 Last Year $ 82,000 52,000 30,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 87,000 Cost of goods sold 56,000 Gross margin 31,000 Selling and administrative expenses: Selling expenses 9,300 Administrative expenses 12,800 Total selling and administrative expenses 22,100 Net operating income 8,900 Interest expense 1,050 Net income before taxes 7,850 Income taxes 3,140 Net Income 4,710 Dividends to common stockholders 352 Net income added to retained earnings 4,358 Beginning retained earnings 27,460 Ending retained earnings $ 31,818 8,800 11,800 20,600 9,400 1,050 8,350 3,340 5,010 704 4,306 23,154 $ 27,460 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 (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 (.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 % % % Step by Step Solution
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