Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 700,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $1.00 last year and $0.65 this year. The market value of the company's common stock at the end of the year was $23. 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 $ 1,220 $ 1,240 Accounts receivable, net 9,600 8,100 Inventory 13,100 12,300 Prepaid expenses 680 690 Total current assets 24,600 22,330 Property and equipment: Land 9,600 9,600 Buildings and equipment, net 50,249 38,682 Total property and equipment 59,849 48,282 Total assets $84,449 $ 70,612 $ 18,700 $18,200 970 900 270 270 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities 19,940 19,370 9,300 9,300 29,240 28,670 700 4,000 700 4,000 Stockholders' equity Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 4,700 50,509 4,700 37,242 55,209 41,942 $ 84,449 $ 70,612 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $75,000 $ 68,000 Cost of goods sold 34,000 37,000 Gross margin 41,000 29,000 Selling and administrative expenses: Selling expenses Administrative expenses 10.600 6.600 10.700 6,700 Total selling and administrative expenses 17,200 17,400 Net operating income Interest expense 23,800 930 11,600 930 Net income before taxes Income taxes 22,870 9,148 10,670 4,288 Net income Dividends to common stockholders 13,722 455 6,402 700 13,267 37,242 5,702 31,540 Net income added to retained earnings Beginning retained earnings Ending retained earnings $50,509 $ 37,242 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands) Working capital 2. Current ratio. (Round your answer to 2 decimal places.) Current ratio 3. Acid-test ratio. (Round your answer to 2 decimal places. Acid-test ratio