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 $30. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,180 10,200 13,700 740 25,820 $ 1,370 7,800 11,000 520 20,690 9,800 48,796 58,596 $84, 416 9,800 39,998 49,798 $70, 488 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 storkholders' muito $20,500 960 240 21,700 $18, 200 810 240 19,250 9,700 31,400 9,700 28,950 600 4,000 600 4.000 4,600 36,938 41. SUR 48,416 52.41 Total paid in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 4,600 48,416 53,016 $84,416 4,600 36,938 41,538 $70, 488 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $73,000 $66,000 Cost of goods sold 35, eee 38,800 Gross margin 38,000 28,eee Selling and administrative expenses: Selling expenses 11,000 10,000 Administrative expenses 6,400 6,700 Total selling and administrative expenses 17,400 16,700 Net operating income 20,600 11,300 Interest expense 970 970 Net income before taxes 19,630 10,330 Income taxes 7,852 4,132 Net income 11,778 6,198 Dividends to common stockholders 300 300 Net income added to retained earnings 11,478 5,898 Beginning retained earnings 36,938 31,040 Ending retained earnings $48,416 $36,938 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.)