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 $29. All of the company's sales are on account. 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 Weller Corporation Comparative Balance She (dollars in thousands) Notes payable, short term Total current liabilities This Year $ 1,160 10,500 13,700 750 26, 110 10,400 54,544 64,944 $ 91,054 $ 19,200 1,050 190 20,440 Last Year $ 1,400 7,800 10,800 650 20,650 10,400 41,438 51,838 $ 72,488 $ 17,800 810 190 18,800

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 3 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 $075 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $29. All of the company's sales are on account Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands.) 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.) This Year Last Year 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 \begin{tabular}{rr} $1,090 & $1,246 \\ 10,200 & 6,790 \\ 13,000 & 11,590 \\ 730 & 640 \\ \hline 25,020 & 20,080 \\ \hline 10,300 & 10,300 \\ 41,536 & 42,938 \\ \hline 51,836 & 53,238 \\ \hline$76,856 & $73,318 \\ \hline \end{tabular} 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