Chapter 14 Graded Homework 3 Sales 14.28 points You skipped this question in the previous attemp Rezer Corporacion Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 75,000 Last Year $ 65,000 Cost of goods sold. 39,000 36,000 Gross margin 36,000 29,000 Selling and administrative expenses: Selling expenses Administrative expenses 11,100 11,000 6,900 6,700 Total selling and administrative expenses Net operating income - 18,000 17,700 18,000 11,300 850 850 eBook) Hot Print References Interest expense Net income before taxes. Income taxes Net income 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. (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 17,150 6,860 10,290 375 9,915 37,210 $ 47,125 10,450) 4,180 6,270 200 6,070 31,140 $ 37,210