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 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 $0.40 this year. The market value of the company's common stock at the end of the year was $30. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,210 9,400 12,300 720 23,630 $ 1,330 7,400 11,000 590 20,320 9,000 47,738 56,738 $80, 368 9,000 40,404 49,404 $69,724 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 $20,300 1,000 160 21,460 $17,600 890 160 18,650 8,100 29,560 8,100 26,750 500 4,000 500 4,000 4,500 46,308 50,808 $80,368 4,500 38,474 42,974 $69,724 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $67,000 $66,000 Cost of goods sold 34,000 35,000 Gross margin 33,000 31,000 Selling and administrative expenses: Selling expenses 11,400 10,100 Administrative expenses 6,900 6,200 Total selling and administrative expenses 18,300 16,300 Net operating income 14,700 14,700 Interest expense 810 810 Net income before taxes 13,890 13,890 Income taxes 5,556 5,556 Net income 8,334 8,334 Dividends to common stockholders 500 Net income added to retained earnings 7,834 7,834 Beginning retained earnings 38,474 30,640 Ending retained earnings $46,308 $38,474 500 Required: Compute the following financial data and ratios for this year: 1. Working capital. 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