10 1 points Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any 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. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year eBook H Print References Assets Current assets: Cash 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 $1,280 $ 1,560 12,300 9,100 9,700 8,200 1,800 2,100 25,080 20,960 6,000 6,000 19,200 19,000 25,200 25,000 $ 50,280 $ 45,960 $ 9,500 $ 8,300 600 700 300 300 10,400 9,300 5,000 5,000 15,400 14,300 800 808 4,200 4,200 5,000 5,000 29,880 26,660 34,880 31,660 $ 50,280 $ 45,968 1 Weller Corporation Comparative Income Statement and Reconciliation. (dollars in thousands) This Year Last Year Sales 10 $ 79,000 $ 74,000 Cost of goods sold 52,000 48,000 points Gross margin 27,000 26,000 Selling expenses Selling and administrative expenses: 8,500 8,000 eBook Administrative expenses 12,000 11,000 Total selling and administrative expenses 20,500 19,000 Hint Net operating income. 6,500 7,000 Interest expense 600 600 Print Net income before taxes. 5,900 6,400 Income taxes 2,360 2,560 References Net income 3,540 3,840 320 600 3,220 26,660 $ 29,880 3,240 23,420 $ 26,660 Dividends to common stockholders. Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial data and ratios for this year: 1. Working capital. Note: Enter your answer in thousands.. 2. Current ratio. Note: Round your answer to 2 decimal places. 3. Acid-test ratio. Note: Round your answer to 2 decimal places. 1. Working capital 2. Current ratio 3. Acid-test ratio