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%. 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 $27. 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: $ 1,140 10,200 13,700 $ 1,290 8,500 11,000 710 550 25,750 21,340 Land 10,300 10,300 Buildings and equipment, net 45,011 38,338 Total property and equipment 55,311 48,638 Total assets $81,061 $69,978 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $20,100 $18,600 Accrued liabilities 1,010 790 Notes payable, short term 270 270 Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings 21,380 19,660 8,700 8,700 30,080 28,360 500 500 4,000 4,000 4,500 4,500 46,481 37,118 Total stockholders' equity Total liabilities and stockholders' equity 50,981 41,618 $81,061 $69,978 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $74,000 $66,000 Cost of goods sold 39,000 38,000 Gross margin 35,000 28,000 Selling and administrative expenses: Selling expenses 10,900 10,500 Administrative expenses 7,000 6,000 Total selling and administrative expenses 17,900 16,500 Net operating income 17,100 11,500 Interest expense 870 870 Net income before taxes 16,230 10,630 Income taxes 6,492 4,252 Net income 9,738 6,378 Dividends to common stockholders .375 200 Net income added to retained earnings 9,363 6,178 Beginning retained earnings 37,118 30,940 Ending retained earnings $46,481 $37,118 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