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Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts recelvable, net tnventory Prepaid expenses lotes current assets Property and

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Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts recelvable, net tnventory Prepaid expenses lotes current assets Property and equipment: tand Bulldings and equipment, net Total property and equipment Total assets Elabilities and Stocicholders' Equity Current liabilities: Accounts payable Acerived ifabilities Motes payable, short tere Total current Labilitles Long-tern diabilities: Bonds payable Total Mabliltites Stocktolders: equitys: Coman stock Additional pald-in capital Totel pold-in copital lletained earnitres Total stockholders" equity. Total Ifablisties and stockholders' equity \begin{tabular}{rr} $1,160 & $1,290 \\ 9,300 & 7,000 \\ 12,800 & 12,300 \\ 710 & 590 \\ \hline 23,970 & 21,180 \\ \hline 9,600 & 9,600 \\ 46,160 & 37,670 \\ \hline 55,760 & 47,270 \\ \hline$79,730 & $68,450 \\ \hline & \\ \hline 19,160 & $17,800 \\ 910 & 740 \\ 170 & 170 \\ \hline 20,180 & 18,710 \\ \hline 10,690 & 10,000 \\ \hline 30,180 & 28,710 \\ \hline 600 & 600 \\ \hline 4,000 & 4,000 \\ \hline 4,600 & 4,690 \\ \hline 44,950 & 35,140 \\ \hline 49,550 & 39,740 \\ \hline$79,730 & $68,450 \\ \hline \end{tabular} Required: Compute the following financial data and ratios for this year: 1. Working copital. Note: Enter your sinswer in thousands. 2. Current ratio Note: Round your enswer to 2 decimal pleces. 3. Acid-test ratio. Note: Round your answer to 2 decimal pleces. Exercise 16-2 (Algo) Financial Ratios for Assessing Liquidity [LO16-2] Comparative financial statements for Weller Corporation, a merchandising company, for the year ending. December 31 appear below. The company did not issue any 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 $28. All of the company's sales are on account

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