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 600,000 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 $21. 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 $ 1,180 $ 1,330 9,400 7,000 13,700 12,000 670 530 Total current assets 24,950 20,860 Property and equipment: Land Buildings and equipment, net 10,300 37,912 10,300 35,136 Total property and equipment 48,212 45,436 Total assets $73,162 $66,296 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $19,400 $17,600 920 840 240 240 20,560 18,680 Total current liabilities Long-term liabilities: Bonds payable 9,400 9,400 Total liabilities 29,960 28,080 600 4,000 600 4,000 Stockholders' equity Common stock Additional paid-in capital Total paid-in capital Retained earnings 4,600 38,602 4,600 33,616 Total stockholders' equity 43,202 38,216 Total liabilities and stockholders' equity $73,162 $66,296 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 69,000 $64,000 Cost of goods sold 41,000 40,000 28,000 24,000 Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 10,700 7,400 10,500 6,600 18,100 17,100 Total selling and administrative expenses Net operating income Interest expense 9,900 940 6,900 940 Net income before taxes Income taxes 8,960 3,584 5,960 2,384 Net income Dividends to common stockholders 5,376 390 3,576 600 Net income added to retained earnings Beginning retained earnings 4,986 33,616 2,976 30,640 Ending retained earnings $38,602 $33,616 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