Check my Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,270 10,700 13,200 610 25,780 $ 1,230 8,400 10,900 590 21, 120 11,000 46,293 57,293 $83,073 11,000 36,514 47,514 $68,634 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 $19,600 1,010 120 20,730 $18, 100 710 120 18,930 9,600 30,330 9,600 28,530 700 4,000 4,700 48,043 52,743 $83,073 700 4,000 4,700 35, 404 40,104 $68,634 Check my Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $74,000 $65,000 Cost of goods sold 33,000 40,000 Gross margin 41,000 25,000 Selling and administrative expenses: Selling expenses 10,800 10,600 Administrative expenses 7,300 6,200 Total selling and administrative expenses 18,100 16,800 Net operating income 22,900 8,200 Interest expense 960 960 Net income before taxes 21,940 7,240 Income taxes 8,776 2,896 Net income 13,164 4,344 Dividends to common stockholders 525 280 Net income added to retained earnings 12,639 4,064 Beginning retained earnings 35,404 31,340 Ending retained earnings $48,043 $35,404 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