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 $21. All of the company's sales are on account Wetter Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,270 $ 1,230 Accounts receivable, net 9,700 7,800 Inventory 13,100 11,300 Prepaid expenses 600 520 Total current assets 24,670 20,850 Property and equipment: Land 9,500 9,500 Buildings and equipment, net 43,992 37,646 Total property and equipment 53,492 47. 146 Total assets $78,162 $67,996 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19,200 $18,900 Accrued liabilities 1,040 720 Notes payable, short tern 230 230 Total current liabilities 20,470 19,850 Long-term liabilities: Bonds payable 8,900 8,900 Total liabilities 29,370 28,750 Stockholders equity! Common stock 600 600 Additional paid-in capital 4.000 4.000 Total paid-in capital 4,600 4,600 Retained earnings 44,192 34,646 Total stockholders' equity 48,792 39,246 Total liabilities and stockholders' equity $78,162 $67,996 --- Total liabilities and stockholders' equity $78,162 $67,996 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $68,000 $64,000 Cost of goods sold 33,000 38,000 Gross margin 35,000 26,000 Selling and administrative expenses Selling expenses 10,600 10,800 Administrative expenses 6,600 6,800 Total selling and administrative expenses 17,200 17,600 Net operating income 17,800 8,488 Interest expense 890 890 Net income before taxes 16,910 7,510 Income taxes 6,764 3,004 Net income 10, 146 4,506 Dividends to common stockholders 600 600 Net income added to retained earnings 9,546 3,906 Beginning retained earnings 34,646 30,740 Ending retained earnings $44, 192 $34,646 cos 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