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 700,000 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 $25. All of the company's sales are on account. Assets Current assets: Cash Weller Corporation Comparative Balance Sheet (dollars in thousands) Accounts receivable, net Inventory Prepaid expenses Total current assets This YearLast Year $ $ 1,160 1,290 9,700 6,800 12,100 11,400 720 550 23,680 20,040 Property and equipment: Land 10,400 10,400 Buildings and equipment, net Total property and equipment Total assets 44,585 41,190 54,985 51,598 $ $ 78,665 71,630 Liabilities and Stockholders' Equity Current liabilities: $ $ Accounts payable 20,300 17,400 Accrued liabilities 1,000 870 Notes payable, short term 250 250 Total current liabilities 21,550 18,520 Long-term liabilities: Bonds payable Total liabilities 9,500 9,500 31,050 28,020 Stockholders' equity: Common stock 700 700 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,700 4,700 Retained earnings 42,915 38,910 Total stockholders' equity 47,615 43,610 $ Total liabilities and stockholders' equity 78,665 71,630 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross margin Selling expenses Administrative expenses Selling and 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 This Year Last Year $ 68,000 $ 65,000 41,000 35,000 27,000 30,000 11,100 10,200 7,400 6,100 18,500 16,300 8,500 13,700 950 7,550 950 12,750 3,020 5,100 4,530 525 4,005 38,910 $ 42,915 7,370 31,540 $ 38,910 7,650 280 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