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 the year was $24. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,220 9,600 12, 800 620 24, 240 $ 1,350 7, 400 11,800 530 21, 080 9,800 45, 840 55, 640 $79, 880 9,800 40, 120 49,920 $71,000 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 stockholders' equity Total liabilities and stockholders' equity $18,700 1,050 290 $17, 800 740 290 18, 830 20, 040 9,500 29, 540 9,500 28, 330 700 4,000 4,700 45, 640 50, 340 $79, 880 700 4,000 4, 700 37,970 42,670 $71,000 Last Year $66, 000 36,000 30,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $70,000 Cost of goods sold 37,000 Gross margin 33, 000 Selling and administrative expenses: Selling expenses 11, 100 Administrative expenses 7,000 Total selling and administrative expenses 18, 100 Net operating income 14, 900 Interest expense 950 Net income before taxes 13, 950 Income taxes 5, 580 Net income 8,370 Dividends to common stockholders 700 Net income added to retained earnings 7,670 Beginning retained earnings 37,970 Ending retained earnings $45, 640 10, 100 6,400 16,500 13,500 950 12, 550 5, 020 7,530 700 6,830 31,140 $37,970 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