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 $20. All of the company's soles are on account Weller Corporation Comparative Balance Sheet (dollars in thousands This Year Last Year $ 1,260 9,700 12,700 670 24,330 $ 1,370 7,600 12,300 580 21,850 9,900 42,112 52,012 $76,342 9,900 36,206 46,106 $67,956 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: Bonda 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 $19,900 1,020 170 21,090 $19,400 730 170 20,300 9.400 30,490 9.400 29, 700 600 4,000 4,600 41.252 45,852 $76,342 600 4.000 4,600 33,656 38,256 $67,956 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $68,000 $65,000 Cost of goods sold 36,000 42,000 Gross margin 32,000 23,000 Selling and administrative expenses: Selling expenses 10,800 10,300 Administrative expenses 7,100 6,900 Total selling and administrative expenses 17,900 17,200 Net operating income 14,100 5,800 Interest expense 940 940 Net income before taxes 13,160 4,860 Income taxes 5, 264 1,944 Net income 7,896 2,916 Dividends to common stockholders 300 300 Net income added to retained earnings 7,596 2,616 Beginning retained earnings 33,656 31,040 Ending retained earnings $41, 252 $33,656 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