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 500,000 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. The market value of the companys common stock at the end of the year was $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,090 $ 1,330 Accounts receivable, net 10,800 8,400 Inventory 13,600 11,000 Prepaid expenses 700 660 Total current assets 26,190 21,390 Property and equipment: Land 9,700 9,700 Buildings and equipment, net 42,752 37,191 Total property and equipment 52,452 46,891 Total assets $ 78,642 $ 68,281 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 20,200 $ 17,700 Accrued liabilities 1,000 780 Notes payable, short term 120 120 Total current liabilities 21,320 18,600 Long-term liabilities: Bonds payable 8,400 8,400 Total liabilities 29,720 27,000 Stockholders' equity: Common stock 500 500 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,500 4,500 Retained earnings 44,422 36,781 Total stockholders' equity 48,922 41,281 Total liabilities and stockholders' equity $ 78,642 $ 68,281

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 72,000 $ 64,000 Cost of goods sold 40,000 36,000 Gross margin 32,000 28,000 Selling and administrative expenses: Selling expenses 10,500 10,400 Administrative expenses 7,300 6,900 Total selling and administrative expenses 17,800 17,300 Net operating income 14,200 10,700 Interest expense 840 840 Net income before taxes 13,360 9,860 Income taxes 5,344 3,944 Net income 8,016 5,916 Dividends to common stockholders 375 375 Net income added to retained earnings 7,641 5,541 Beginning retained earnings 36,781 31,240 Ending retained earnings $ 44,422 $ 36,781

Required: Compute the following financial data and ratios for this year:

1. Working capital.

2. Current ratio. (Round your answer to 2 decimal places.)

3. Acid-test ratio. (Round your answer to 2 decimal places.)