3 Comparative financial statements for Weiler 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 50.75 lost year and $0.40 this year. The market value of the company's common stock at the end of the year was $21. All of the company's sales are on account $ 1,270 9,300 13,100 790 24,460 $ 1,380 7,100 11,000 560 20,040 9,100 43,356 52,456 $76,916 9,100 41, 278 50, 378 $70,418 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 $19,600 1,040 280 20,920 $19,200 8ee 280 20, 280 9,700 30,620 9,700 29,980 700 4,000 4,700 41,596 46,296 $76,916 700 4,000 4,700 35,738 40,438 $70,418 Last Year $65,000 38,000 27,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $72,000 Cost of goods sold 43,000 Gross margin 29,000 Selling and administrative expenses: Selling expenses 10,500 Administrative expenses 6,600 Total selling and administrative expenses 17,100 Net operating income 11,900 Interest expense 970 Net income before taxes 10,930 Income taxes 4,372 Net income 6,558 Dividends to common stockholders Net income added to retained earnings 5,858 Beginning retained earnings 35,738 Ending retained earnings $41,596 10, 200 6,500 16,700 10,300 970 9,330 3,732 5,598 700 4,898 30,840 $35,738 700 Required: Compute the following financial data and ratios for this year: 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