500 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 600.000 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 50.40 this year. The market value of the company's common stock at the end of this year was $21. 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 5 1.140 51,230 Accounts receivable, net 10,500 3,400 Inventory 12,100 12,600 Prepaid expenses 700 Total current assets 24,440 22,730 Property and equipment: Land 9,700 9,700 Buildings and equipment, net 43,118 35,114 Total property and equipment 52,818 44,814 Total assets $ 77,258 5 67,544 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 18,700 $ 17,700 Accrued liabilities 1,020 730 Notes payable, short term 240 240 Total current liabilities 19,960 18,670 Long-term liabilities: Bonds payable 9,100 9100 Total liabilities 29,000 27.770 Stockholders' equity Conon stock 600 600 Additional paid in capital 4.000 4,000 Total paid in capital 4,600 4,600 Retained earnings 4) 398 35, 174 Total stockholders' equity 48.198 19,224 Total Ilabilities and stockholders' equity $ 77,258 $ 67,544 Last Year $ 65,000 39,000 26,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 69,000 Cost of goods sold 35,000 Gross margin 34,000 Selling and administrative expenses: Selling expenses 11,100 Administrative expenses 7,200 Total selling and administrative expenses 18,300 Net operating income 15,780 Interest expense 910 Net income before taxes 14,790 Income taxes 5,916 Net income 8,874 Dividends to common stockholders 450 Net income added to retained earnings 8,424 Beginning retained earnings 35,174 Ending retained earnings $ 43,598 10,600 6,700 17,300 8,700 910 7,790 3,116 4,674 240 4,434 30,740 $ 35,174 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