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 $23. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,160 10,280 14,880 61e 25,970 $ 1,220 8.189 12,280 54e 22,660 9,480 39.847 49,247 $ 75,217 9,480 37.686 47.886 $ 69,146 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 tern Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Connon stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 18,989 1,630 28 20, 210 $ 18,500 81e 280 19,590 9.480 29,610 9,480 28,990 789 4.680 4,700 40,987 45,607 $ 75,217 700 4,880 4,700 35,456 40, 156 $ 69,146 Last Year $ 65,680 39.ee 26,880 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 70,000 Cost of goods sold 41,000 Gross margin 29,000 Selling and administrative expenses: Selling expenses 10,900 Administrative expenses 7,282 Total selling and administrative expenses 18,182 Net operating income 10,900 Interest expense 940 Net income before taxes 9,96 Income taxes 3,984 Net income 5,976 Dividends to common stockholders 525 Net income added to retained earnings 5,451 Beginning retained earnings 35,456 Ending retained earnings $ 46,987 10,98 7.000 17.900 8,1ee 94e 7,160 2.864 4,296 280 4,016 31,440 $ 35,456 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