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 $21. 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 $ 1,320 $ 1,190 10, 200 Accounts receivable, net Inventory 8,400 11,800 12, 600 640 Prepaid expenses Total current assets. Property and equipment: 620 24,610 22,160 Land 10.500 10,500 51,464 Buildings and equipment, net Total property and equipment 39, 612 50,112 61,964 Total assets $ 86,574 $ 72,272 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 19,600 $ 18,300 Accrued liabilities 1,040 800 200 200 Notes payable, short term Total current liabilities Long-term liabilities: 20,840 19,300 9,800 9,800 Bonds payable Total liabilities Stockholders' equity: 30, 640 29, 100 Common stock 600 4,000 Additional paid-in capital Total paid-in capital 4,600 Retained earnings 600 4,000 4,600 51,334 55,934 $ 86,574 38,572 Total stockholders' equity 43, 172 Total liabilities and stockholders' equity $ 72,272 | || | Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 75,000 34,000 41,000 11, 200 6,800 18,000 23,000 980 22,020 8,808 13,212 450 12,762 38,572 $ 51,334 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 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 Last Year $ 65,000 33,000 32,000 10,900 7,000 17,900 14,100 980 13, 120 5,248 7,872 240 7,632 30,940 $ 38,572