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 500.000 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 $21. All of the company's sales are on account. This Year Last Year $ 1,25e 1e, 280 12,982 720 24,870 $ 1,389 6,708 11,609 598 20, 198 9,480 49,207 58,6e7 $ 83,477 9,400 41,736 51,136 $71, 326 Weller Corporation Comparative Balance Sheet (dollars in thousands) 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 $29,120 97e 13e 21,280 $18, 200 889 138 19,218 9,4ee 30,680 9,400 28,619 50e 4,98e 4,500 48,377 52,877 $ 83,477 509 4,699 4,500 38,216 42,716 $71, 326 Last Year $ 65,000 35,000 30,880 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $71,899 Cost of goods sold 34,99 Gross margin 37,80 Selling and administrative expenses: Selling expenses 11,308 Administrative expenses 7,200 Total selling and administrative expenses 18,509 Net operating income 18,500 Interest expense 948 Net income before taxes 17,568 Income taxes 7,024 Net income 10,536 Dividends to common stockholders Net income added to retained earnings 10,161 Beginning retained earnings 38,216 Ending retained earnings $48,377 1e, 2ee 6,480 16,680 13,480 940 12,460 4,984 7,476 280 7,276 30,940 $38,216 375 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