Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 bonds, which were sold at their face value, was 10%. The income tax rate was 40%, and the dividend per share of common stock was $0.75. The market value of the company's common stock at the end of the year was $27. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $ 1,200 10.900 12.100 780 $ 1,230 7,600 11,800 500 Total current assets 24.980 21,130 10.500 41,266 10,500 36,163 Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets 51,766 46.663 $76,746 $67,793 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable $18,700 930 270 $19,200 810 270 19,900 20,280 8,200 8,200 Total liabilities 28,100 28,480 500 4,000 500 4,000 Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity 4,500 44,146 4,500 34.813 48,646 39,313 Total liabilities and stockholders' equity $76,746 $67,793 esto education.com Woller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $72.000 $65,000 Cost of goods sold 37.000 40,000 Gross margin 35 000 25,000 Selling and administrative expenses: Selling expenses Administrative expenses 10.600 7.400 10.500 6,600 Total selling and administrative expenses 18.000 17.100 Net operating income Interest expense 17.000 820 7,900 820 Net income before taxes Income taxes 16,180 6.472 7,080 2.832 Net income Dividends to common stockholders 9,708 375 4.248 375 9.333 34 813 Net income added to retained earnings Beginning retained earnings Ending retained earnings 3.873 30.940 $44,146 $34.813 Required: Compute the following financial data and ratios for this year. 1. Working capital Working capital 2. Current ratio. (Round your answer to 2 decimal places.) Current ratio 3. Acid-test ratio. (Round your answer to 2 decimal places.) Acid-test ratio