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 the year was $26. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,130 9,300 13,800 690 24,920 $ 1,410 7,800 10,900 560 20,670 10,300 46,714 57,014 $81,934 10,300 38,027 48,327 $68,997 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 $18,500 950 290 19,740 $17,500 740 290 18,530 9,800 29,540 9,800 28,330 700 4,000 4,700 47,694 52,394 $81,934 700 4,000 4,700 35,967 40,667 $68,997 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 76,000 $65,000 Cost of goods sold 36,000 38,000 Gross margin 40,000 27,000 Selling and administrative expenses: Selling expenses 11,200 10,800 Administrative expenses 7,400 6,800 Total selling and administrative expenses 18,600 17,600 Net operating income 21,400 9,400 Interest expense 980 980 Net income before taxes 20,420 8, 420 Income taxes 8,168 3,368 Net income 12, 252 5,052 Dividends to common stockholders 525 525 Net income added to retained earnings 11,727 4,527 Beginning retained earnings 35,967 31,440 Ending retained earnings $47,694 $35,967 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