weller corporaton Comparative Balance Sheet (dollars in thousands) Assets This Year Last Year Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets \begin{tabular}{rr} $1,280 & $1,560 \\ 12,300 & 9,100 \\ 9,700 & 8,200 \\ 1,800 & 2,100 \\ \hline 25,080 & 20,960 \\ \hline \end{tabular} 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 liabilitios 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 \begin{tabular}{rr} 6,000 & 6,000 \\ 19,200 & 19,000 \\ \hline 25,200 & 25,000 \\ \hline$50,280 & $45,960 \\ \hline \end{tabular} \begin{tabular}{rr} $9,500 & $8,300 \\ 600 & 700 \\ 300 & 300 \\ \hline 10,400 & 9,300 \end{tabular} \begin{tabular}{rr} 5,000 & 5,000 \\ \hline 15,400 & 14,300 \\ \hline \end{tabular} \begin{tabular}{rr} 800 & 800 \\ 4,200 & 4,200 \\ \hline 5,000 & 5,000 \\ 29,880 & 26,660 \\ \hline 34,880 & 31,660 \\ \hline$50,280 & $45,960 \\ \hline \end{tabular} Compute the following financial data for this year: 1. Gross margin percentage. Note: Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3). 2. Net profit margin percentage. Note: Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3). 3. Return on total assets. Note: Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3 ). Required: Compute the following financial data for this year: 1. Gross margin percentage. Note: Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3). 2. Net profit margin percentage. Note: Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3). 3. Return on total assets. Note: Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3). Exercise 16-5 (Static) Financial Ratios for Assessing Profitability [LO16-5] 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 800,000 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 $18. All of the company's sales are on account
