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 the year was $23. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,220 $ 1,270 9,9808 ,109 12,480 11,780 770 530 24, 292 21,600 9,6809 ,689 45.856 41,908 55,456 51, 508 $79,746 $73,188 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 Total current liabiliti 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 100 $19, 100 930 160 $19.18e yea 160 160 2190 19.96 960 da 9,28 390 29,262 06 Bee 4,888 155 bee 348 qui 5d, 3554 SGB 329,746 $231 Last Year $65,000 33, eee 32,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $67,000 Cost of goods sold 36,000 Gross margin 31,00 Selling and administrative expenses: Selling expenses 11,5ee Administrative expenses 6,980 Total selling and administrative expenses 18,480 Net operating income 12,680 Interest expense 92e Net income before taxes 11,680 Income taxes 4,672 Net income 7.888 Dividends to common stockholders 6ee Net income added to retained earnings 6,488 Beginning retained earnings 39.348 Ending retained earnings $45,756 10, see 6,400 16,900 15,1ee 928 14, 180 5,672 8,588 600 7.988 31.440 $39,348 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