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%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the companys common stock at the end of this year was $28. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,090		$	1,390
Accounts receivable, net		10,200			8,200
Inventory		12,100			11,800
Prepaid expenses		670			560
Total current assets		24,060			21,950
Property and equipment:
Land		10,800			10,800
Buildings and equipment, net		38,264			34,837
Total property and equipment		49,064			45,637
Total assets	$	73,124		$	67,587
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	18,700		$	17,800
Accrued liabilities		930			790
Notes payable, short term		240			240
Total current liabilities		19,870			18,830
Long-term liabilities:
Bonds payable		8,800			8,800
Total liabilities		28,670			27,630
Stockholders' equity:
Common stock		500			500
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,500			4,500
Retained earnings		39,954			35,457
Total stockholders' equity		44,454			39,957
Total liabilities and stockholders' equity	$	73,124		$	67,587

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	68,000		$	66,000
Cost of goods sold		41,000			40,000
Gross margin		27,000			26,000
Selling and administrative expenses:
Selling expenses		10,900			10,500
Administrative expenses		7,100			6,800
Total selling and administrative expenses		18,000			17,300
Net operating income		9,000			8,700
Interest expense		880			880
Net income before taxes		8,120			7,820
Income taxes		3,248			3,128
Net income		4,872			4,692
Dividends to common stockholders		375			375
Net income added to retained earnings		4,497			4,317
Beginning retained earnings		35,457			31,140
Ending retained earnings	$	39,954		$	35,457

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