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 $22. 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. $ 1,090 10,600 13,600 $ 1,390. 6,700 11,200 730 640 26,020 19,930 Property and equipment: Land 10,500 10,500 Buildings and equipment, net 45,165 40,490 Total property and equipment 55,665 50,990 Total assets $81,685 $70,920 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $18,800 $17,900 Accrued liabilities 980 850 Notes payable, short term 260 260 Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Total paid-in capital 20,040 19,010 8,500 8,500 28,540 27,510 500 500 Additional paid-in capital 4,000 4,000 4,500 4,500 Retained earnings 48,645 38,910 Total stockholders' equity 53,145 43,410 Total liabilities and stockholders' equity $81,685 $70,920 Selling expenses Sales Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Cost of goods sold Gross margin Selling and administrative expenses: This Year Last Year $69,000 $65,000 33,000 34,000 36,000 31,000 11,100 10,500 Administrative expenses 7,200 6,200 Total selling and administrative expenses 18,300 16,700 Net operating income 17,700 14,300 Interest expense 850 850 Net income before taxes 16,850 13,450 Income taxes 6,740 5,380 Net income 10,110 8,070 Dividends to common stockholders 375 200 Net income added to retained earnings 9,735 7,870 Beginning retained earnings 38,910 31,040 Ending retained earnings $48,645 $38,910 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