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 the year was $28 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 1,150 1,340 7,400 10,600 650 19,990 10,400 12,100 720 24,370 Total current assets Property and equipment: Land 9,700 9,700 42,248-45 454 43, 434 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: 52,44853,134 $73,124 $76,818 $19,200 $19,100 850 250 20, 200 nts payable 1,060 250 Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: 20,510 9,600 29,800 9,600 30,110 Bonds payable Total liabilities Stockholders' eguity: 600 4,000 4,600 42,108 600 4,000 ,600 38, 724 46,7084333- Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 0-08 43,324 $76,818 $73,124 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $67,000 $65,000 33,000 25,00032,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: 42,000 Selling expenses 10,200 6,700 16,900 15,100 960 14,140 2,6565,656 8,484 600 7, 884 30,840 $42,108 $38,724 10,600 6,800 17,400 7,600 960 640 Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 3,984 600 3,384 38,724 Required Compute the following financial data and ratios for this year: 1. Working capital. (Enter 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