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 $075 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $23. 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 5.1.230 5 1,410 Accounts receivable, et 10,600 1,200 Inventory 13,400 11,900 Prepaid expenses 50 650 Total current assets 25.910 Property and equipment 22.160 Land 10,000 10,000 Buildings and culment, et 39,577 35, 146 Total property ripent 45, 146 Total assets 575,587 567,306 Libilities and Stockholders' Equity Current Habilities Accounts payable 520, 100 Actrud Lilities $17.500 1,070 70 tes savalt. thort te 190 190 21,360 18,560 8,900 30,260 8,900 27,460 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 700 4,000 4,700 40,627 45,327 $75,587 700 4,000 4,700 35,146 39,846 $67,306 Last Year $66,000 41,000 25,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $68,000 Cost of goods sold 40,000 Gross margin 28,000 Selling and administrative expenses: Selling expenses 10,600 Administrative expenses 6,500 Total selling and administrative expenses 17,100 Net operating income 10,900 Interest expense 890 Net income before taxes 10,010 Income taxes 4,004 Net income 6,006 10,800 6,500 17,300 7,700 890 6,810 2,724 4,086 Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 6,006 525 5,481 35,146 $40,627 4,086 280 3,896 31,340 $35,146 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