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. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,090 11,000 13,200 700 25,990 $ 1,330 7,800 12,100 520 21,750 9,100 37,562 46,662 $ 72,652 9,100 34, 316 43,416 $65, 166 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $19,900 1,020 160 21,080 $18, 200 820 160 19,180 8,400 29,480 8,400 27,580 600 4,000 4,600 38,572 43,172 $ 72,652 600 4,000 4,600 32,986 37,586 $65,166 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 66,000 $64,000 Cost of goods sold 38,000 42,000 Gross margin 28,000 22,000 Selling and administrative expenses: Selling expenses 10,500 10,000 Administrative expenses 6,600 7,00 Total selling and administrative expenses 17,100 17,000 Net operating income 10,900 5,000 Interest expense 840 840 Net income before taxes 10,060 4,160 Income taxes 4,024 1,664 Net income 6,036 2,496 Dividends to common stockholders 450 450 Net income added to retained earnings 5,586 2,046 Beginning retained earnings 32,986 30, 940 Ending retained earnings $38,572 $32,986 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter 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