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The company did not issue any new common stock during the year. A total of 1,000,000 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 the year was $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assetsi Cash $ 1,300 16,400 10,700 2,000 30,400 $ 1,610 9,250 9,000 Accounts receivable, net Inventory Prepaid expenses Total current asseta 2,500 22,360 Property and equipmenti Land 8,000 21,200 29,200 8,000 21,000 29,000 Buildings and equipment, net Total property and equipment Total asBets $59,600 $51,360 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Acerued liabilities $ 9,300 1,700 500 $11,500 1,000 Notes payable, short term Total current liabilities Long-tern liabilities: Bonds payable 500 13,000 11,500 5,000 18,000 5,000 16,500 Total liabilities Stockholders' equity: Common stock 1,000 5,200 6,200 28,660 34,860 1,000 5,200 Additional paid-in capital Total paid-in capital Retained earninge Total stockholdere' equity 6,200 35,400 41,600 Total liabilities and atockholders' equity $59,600 $51,360 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $94,000 58,000 36,000 Sales Cost of gooda 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 $99,000 62,000 37,000 10,500 14,000 24,500 12,500 10,000 13,000 23,000 13,000 600 12,400 4,960 7,440 800 6,640 22,020 600 11,900 4,760 7,140 400 6,740 28,660 $35,400 Income taxes Net income Dividende to common stockholders Net income added to retained earnings Beginning retained earninga Ending retained earninge $28,660 Required: Compute the following financial data for this year: 1. Gross margin percentage. (Round your percentage answer to 1 decimal place (1.e., 0.1234 should be entered as 12.3).) 2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (I.e., O.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 | ||

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