Book Hint erences 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 $0.40 this year. The market value of the company's common stock at the end of this year was $25. All of the company's sales are on account. 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 Weller Corporation Comparative Balance Sheet (dollars in thousands) Stockholders' equity: Common stock Last Year $1,220 7,300 11,200 540 20,260 9,300 45,334 54,634 $74,894 $ 19,100 720 170 19,990 9,600 29,590 600

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 3 appear below. The company did not issue any new common stock during the yeat. 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 $0.40 this year. The market value of the company's common stock at the end of this year was $25, All of the company's sales are on account. Comparative financlal statements for Welher Corporation, a mecchandising company foc the year ending December a1 appeat below. The company did not issue any new common stock during the year. A total of 600.000 shares of comnon stock were outstanding. The interest rate on the bond payable was tom, the income tax rate was 40k, and the dividend per share of common stock was $075 last year and $0.40 this yeac. The make value of the company's common stock at the end of this yeat was 525 . All of the company's sales are on accotint Required: Compute the following financial data and ratios for this yeat: 1. Working capital. (Enter your answer in thousands.) 2. Current ratio. (Round your onswer to 2 decimal pleces.) 3. Acid test ratio. (Round your onswer to 2 decimal places.)