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 700,000 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 $23. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) 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-tern liabilities:: Bonds payable This Year Last Year $ 1,120 10,500 $1,250 12,200 730 7,200 11,3001 690 24,550 20,440 10,200 10,200 45,873 38,984 56,073 $ 80,623 $ 20,200 1,100 180. 49,184 $ 69,624 $ 18,400 730 180 19,310 21,480 9,100 9,100 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 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 $ 1,250 7,200 11,300 $ 1,120 10,500 12,200 730 690 24,550 20,440 10,200 10,200 45,873 38,984 56,073 49,184 $ 69,624 $ 80,623 $ 20,200 1,100 180 21,480 $ 18,400 730 180 19,310 9,100 30,580 9,100 28,410 700 700 4,000 4,000 4,700 4,700 45,343 50,043 $ 80,623 36,514 41,214 $ 69,624 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 74,000 40,000 Last Year $ 66,000 39,000 27,000 10,200 34,000 11,000 Administrative expenses 6,500 6,300 Total selling and administrative expenses 17,500 16,500 Net operating Incone 16,500 10,500 Interest expense 910 910 Net income before taxes a 15,590 9,590 Income taxes 6,236 3,836 Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial data and ratios for this year 1. Working capital. (Enter your answer in thousands.) 2 Currant ratio (Round your Eng 9,354 5,754 525 280 8,029 36,514 5,474 31,040 $45,343 $36,514