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 this year was $25. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cashi Accounts receivable, net $ 1,180 9,100 13,000 $ 1,350 6,700 Inventory. 10,700 Prepaid expenses 720 580 24,000 19,330 Total current assets. Property and equipment: Land 9,900 9,900 46,026 42,508 Buildings and equipment, net Total property and equipment 55,926 52,408 Total assets $ 79,926 $ 71,738 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 18,600 $ 19,400 Accrued liabilities 960 780 220 220 Notes payable, short term Total current liabilities Long-term liabilities: 19,780 20,400 9,700 9,700 29,480 30, 100 Bonds payable Total liabilities. Stockholders' equity: Common stock 600 600 Weller Corporation Comparative Balance Sheet (dollars in thousands) 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 This Year $ 1,180 9,100 13,000 720 24,000 9,900 46,026 55,926 $ 79,926 $ 18,600 960 220 19,780 9,700 29,480 600 4,000 4,600 45,846 50,446 $ 79,926 Last Year $ 1,350 6,700 10,700 580 19,330 9,900 42,508 52,408 $ 71,738 $ 19,400 780 220 20,400 9,700 30,100 600 4,000 4,600 37,038 41,638 $71,738 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 70,000 36,000 34,000 11, 200 6,400 17,600 16,400 970 15,430 6,172 9,258 450 8,808 37,038 $ 45,846 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes. Net income Dividends to common stockholders. Net income added to retained earnings Beginning retained earnings Ending retained earnings Last Year $ 64,000 36,000 28,000 10, 200 6,600 16,800 11,200 970 10, 230 4,092 6,138 240 5,898 31,140 $ 37,038 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