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 700,000 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 $21. 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 Weller Corporation Comparative Balance Sheet (dollars in thousands) Buildings and equipment, net Total property and equipment Total assets Current liabilities: Accounts payable Liabilities and Stockholders' Equity 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 This Year Last Year $ 1,280 10,900 12,600 770 25,550 $ 1,230 8,400 10,800 510 20,940 9,600 9,600 44,229 53,829 37,892 47,492 $ 79,379 $ 68,432 $ 19,100 $ 18,800 1,030 250 20,380 760 250 19,810 9,300 29,680 9,300 29,110 700 700 4,000 4,000 4,700 4,700 44,999 34,622 49,699 39,322 $ 79,379 $ 68,432 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 75,000 Last Year Sales Cost of goods sold $ 65,000 39,000 41,000 Gross margin 36,000 24,000 Selling and administrative expenses: Selling expenses 10,500 10,600 Administrative expenses 6,400 6,200 Total selling and administrative expenses 16,900 16,800 Net operating income 19,100 7,200 Interest expense 930 930 Net income before taxes 18,170 6,270 Income taxes 7,268 2,508 Net income 10,902 3,762 525 280 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 10,377 34,622 $ 44,999 3,482 31,140 $ 34,622