Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was 51 25 last year and $0.90 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 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $ 1,230 5 1,340 11,000 7,500 12,800 11,700 790 630 Total current assets 25,820 21,170 9,400 47,042 9,400 39,326 Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets 56,442 48,726 $82,262 $69.896 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $19.400 $ 18,400 1,050 790 190 190 20.640 19,380 Total current liabilities Long-term liabilities: Bonds payable 9.900 9,900 Total liabilities 30,540 29.280 Stockholders' equity Common stock Additional paid-in capital 600 4,000 600 4.000 Total paid-in capital Retained earnings 4,600 47.122 4.600 36,016 Total stockholders' equity 51,722 40,616 Total liabilities and stockholders' equity $82.262 $69.896 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $75,000 $65,000 Cost of goods sold 36,000 38,000 39,000 27,000 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 11,300 7.300 10,200 6,600 Total selling and administrative expenses 18,600 16,800 Net operating income Interest expense 20,400 990 10,200 990 Net income before taxes Income taxes 19,410 7,764 9,210 3,684 Net income Dividends to common stockholders 11,646 540 5,526 750 Net income added to retained earnings Beginning retained earnings 11,106 36,016 4,776 31,240 Ending retained earnings $ 47 122 $36.016 Required: Compute the following financial data and ratios for this year. 1. Working capital. (Enter your answer in thousands) Working capital 2. Current ratio. (Round your answer to 2 decimal places.) Current ratio 3. Acid-test ratio. (Round your answer to 2 decimal places.) Acid-test ratio