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 $22. 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 Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Current liabilities: Accounts payable Liabilities and Stockholders' Equity 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 $ 1,130 10,200 13,100 760 $ 1,210 6,500 11,700 550 25,190 19,960 9,000 9,000 48,110 57,110 $ 82,300 41,280 50,280 $ 70,240 $ 18,900 1,090 120 20,110 $ 19,000 750 120 19,870 8,500 28,610 8,500 28,370 600 600 4,000 4,000 4,600 4,600 49,090 37,270 53,690 41,870 $ 82,300 $ 70,240 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 73,000 $ 65,000 Cost of goods sold 34,000 37,000 Gross margin 39,000 28,000 Selling and administrative expenses: Selling expenses 11,000 10,200 Administrative expenses 6,700 7,000 Total selling and administrative expenses 17,700 17,200 Net operating income 21,300 10,800 Interest expense 850 850 Net income before taxes 20,450 9,950 Income taxes Net income 8,180 12,270 3,980 5,970 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings 450 240 11,820 37,270 Ending retained earnings $ 49,090 5,730 31,540 $ 37,270 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