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 $22. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,150 $ 1,320 10.1007 .100 13.900 11,900 670 25.860 20.990 710 9.200 42,122 9.200 49,384 58,584 $84.444 $72.312 Assets Current a tt Cash Recounts receivable, net Inventory Prepaid expenses Total current assets Property and equipments Land Buildings and equipment, net Total property and equipment Total aasta Liabilities and Stockholders' Equity Current liabilities Recounts payable ered liabilities Notes payable short term Total current liabilities Long-term libilities Bonds payable Total liabilities Stockholders equity Commons Additional paid-in capital Total paid in capital Retained earnings Total stockholde equity Total liabilities and stockholders equity $19.600 $19,200 950 290 20.30 20,840 30.140 29.630 600 4.000 4.500 600 4.000 49.704 38.082 584.444 $72,312 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $72,000 - $65,000 Cost of goods sold 34,000 34,000 Gross margin 38,000 31,000 Selling and administrative expenses : Selling expenses 10,800 10,300 Administrative expenses 6,400 6,700 Total selling and administrative expenses 17,200 17,000 Net operating income 20,800 14,000 Interest expense 930 930 Net income before taxes 19,870 13,070 Income taxes 7,948 5,228 Net income 11,922 7,842 Dividends to common stockholders 300 300 Net income added to retained earnings 11,622 7,542 Beginning retained earnings 38,082 30,540 Ending retained earnings $49,704 $38,082 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