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 this year was $26. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,090 10,100 12,500 770 24,460 $ 1,260 7,800 12,500 680 22, 240 9,400 46,373 55,773 $ 80,233 9,400 40,444 49,844 $ 72,084 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 $ 19,800 1,030 240 21,070 $ 18,900 870 240 20,010 8,100 29,170 8,100 28, 110 700 4,000 4,700 46,363 51,063 $ 80,233 700 4,000 4,700 39,274 43,974 $ 72,084 Last Year $ 66,000 34,000 32,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 68,000 Cost of goods sold 37,000 Gross margin 31,000 Selling and administrative expenses: Selling expenses 10,900 Administrative expenses 6,600 Total selling and administrative expenses 17,500 Net operating income 13,500 Interest expense 810 Net income before taxes 12,690 Income taxes 5,076 Net income 7,614 Dividends to common stockholders 525 Net income added to retained earnings 7,089 Beginning retained earnings 39,274 Ending retained earnings $ 46,363 10,700 6,300 17,000 15,000 810 14,190 5,676 8,514 280 8,234 31,040 $ 39, 274 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