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 500,000 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 $29. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,150 10,100 13,700 710 25,660 $ 1,220 7,200 12,400 540 21,360 10,800 40,846 51,646 $77,306 10,000 38,158 48,958 $70,318 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 $19, 200 1,060 190 20,450 $18,900 790 190 19,880 9,700 30,150 9,700 29,580 500 4,000 4,500 42,656 47,156 $77,306 500 4,000 4,500 36, 238 40,738 $70,318 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $69,000 $65,000 Cost of goods sold 39,000 38,000 Gross margin 30,000 27,000 Selling and administrative expenses : Selling expenses 11,000 10,200 Administrative expenses 6,500 7,000 Total selling and administrative expenses 17,500 17,200 Net operating income 12,500 9,800 Interest expense 970 970 Net income before taxes 11,530 8,830 Income taxes 4,612 3,532 Net income 6,918 5,298 Dividends to common stockholders 500 500 Net income added to retained earnings 6,418 4,798 Beginning retained earnings 36, 238 31,440 Ending retained earnings $42,656 $36, 238 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