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 $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,130 9,800 13,600 670 25,200 $ 1,230 7,300 12,000 640 21,170 9,900 44, 734 54, 634 $ 79,834 9,900 38,722 48,622 $69,792 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 $ 18,800 960 170 19,930 $17,400 730 170 18,300 9,800 29,730 9,800 28,100 600 4,000 4,600 45, 504 50, 104 $79,834 600 4,000 4,600 37,092 41,692 $69,792 Last Year $65,000 36,000 29,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 67,000 Cost of goods sold 34,000 Gross margin 33,000 Selling and administrative expenses: Selling expenses 10,800 Administrative expenses 6,700 Total selling and administrative expenses 17,500 Net operating income 15,500 Interest expense 980 Net income before taxes 14,520 Income taxes 5,808 Net income 8,712 Dividends to common stockholders 300 Net income added to retained earnings 8,412 Beginning retained earnings 37,092 Ending retained earnings $ 45,504 10,200 6,400 16,600 12,400 980 11,420 4,568 6,852 300 6,552 30,540 $37,092 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