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Weller Corporation Comparative Income Statement and Reconciliation is given below (dollars in thousands) This Year Last Year Sales $ 96,000 $ 91,000 Cost of goods

Weller Corporation Comparative Income Statement and Reconciliation is given below


(dollars in thousands)

This YearLast Year
Sales$96,000
$91,000
Cost of goods sold
60,500

56,500
Gross margin
35,500

34,500
Selling and administrative expenses:





Selling expenses
10,200

9,700
Administrative expenses
13,700

12,700
Total selling and administrative expenses
23,900

22,400
Net operating income
11,600

12,100
Interest expense
900

900
Net income before taxes
10,700

11,200
Income taxes
4,280

4,480
Net income
6,420

6,720
Dividends to common stockholders
388

776
Net income added to retained earnings
6,032

5,944
Beginning retained earnings
28,360

22,416
Ending retained earnings$34,392
$28,360

Required:

Compute the following financial data for this year:

1. Gross margin percentage.

2. Net profit margin percentage.

3. Return on equity.

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