1. Working capital.

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 700,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, 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 $24. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,150 $ 1,210 Accounts receivable, net 9,000 6,600 Inventory 13,000 11,300 Prepaid expenses 680 570 Total current assets 23,830 19,680 Property and equipment: Land 9,600 9,600 Buildings and equipment, net 44,767 39,966 Total property and equipment 54,367 49,566 Total assets $ 78,197 $ 69,246 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 19,800 $ 19,000 Accrued liabilities 1,030 820 Notes payable, short term 240 240 Total current liabilities 21,070 20,060 Long-term liabilities: Bonds payable 9,900 9,900 Total liabilities 30,970 29,960 Stockholders ' emn' tv: Total liabilities 5U,5IU 29,9ou Stockholders' equity: Common stock 700 700 Additional paid-in capital 4,000 4,000 Total paidin capital 4,700 4,700 Retained earnings 42,527 34,586 Total stockholders' equity 47,227 39,286 Total liabilities and stockholders' equity $ 78,197 $ 69,246 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 71,000 $ 64,000 Cost of goods sold 38,000 39,000 Gross margin 33,000 25,000 Selling and administrative expenses: Selling expenses 11,400 10,900 Administrative expenses 6,500 6,900 Total selling and administrative expenses 17,900 17,800 Net operating income 15,100 7,200 Interest expense 990 990 Net income before taxes 14,110 6,210 Income taxes 5,644 2,484 Net income 8,466 3,726 Dividends to common stockholders 525 280 Net income added to retained earnings 7,941 3,446 Beginning retained earnings 34,586 31,140 Ending retained earnings $ 42,527 $ 34,586 1. Working capital. (Enter your answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.) 1. Working capital _ 2. Current ratio _ 3. Acid-test ratio _