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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 940,000 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 $25. All of the company's sales are on account. Assets Current assets: Cash Weller Corporation Comparative Balance Sheet (dollars in thousands) 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 Accrued liabilities. Notes payable, short term Total current liabilities 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 This Year Last Year $ 5,304 15,800 10,400 1,940 33,444 7,400 20,600 28,000 $61,444 $10,900 880 440 12,220 10,000 22,220 940 4,900 5,840 33,384 39,224 $61,444 $ 5,350 10,450 8,760 2,380 26,940 7,400 20,400 27,800 $54,740 $9,000 1,400 440 10,840 10,000 20,840 940 4,900 5,840 28,060 33,900 $54,740 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial data for this year: 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4 Return on equity This Year Last Year $93,000 $88,000 59,000 55,000 34,000 33,000 % 9,900 13,400 23,300 10,700 1,200 9,500 3,800 5,700 376 5,324 28,060 $33,384 9,400 12,400 21,800 11,200 1,200 10,000 4,000 6,000 752 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 (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).) 5,248 22,812 $28,060