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 this year was $25. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,100 9,400 13,800 610 24,910 $ 1,390 8,300 12,200 520 22,410 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 9,800 38,776 48,576 $73,486 9,800 38,428 48,228 $70,638 $19,000 930 280 20,210 $19,100 790 280 20,170 9,200 29, 410 9,200 29,370 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 600 4,000 4,600 39,476 44,076 $73,486 600 4,000 4,600 36,668 41,268 $70,638 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $68,000 $64,000 Cost of goods sold 43,000 36,000 Gross margin 25,000 28,000 Selling and administrative expenses: Selling expenses 11,100 10,100 Administrative expenses 7,300 6,600 Total selling and administrative expenses 18,400 16,700 Net operating income 6,600 11,300 Interest expense 920 920 Net income before taxes 5,680 10,380 Income taxes 2,272 4,152 Net income 3, 408 6, 228 Dividends to common stockholders 600 600 Net income added to retained earnings 2,808 5, 628 Beginning retained earnings 36,668 31,040 Ending retained earnings $39,476 $36,668 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