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 the year was $21. All of the company's sales are on account. Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,140 $ 1,300 10,600 7,700 13,200 11,100 630 600 25,570 20,700 Property and equipment: Land 10,400 10,400 Buildings and equipment, net 45,410 40,070 Total property and equipment 55,810 50,470 Total assets $81,380 $71,170 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $20,000 $18,000 Accrued liabilities 960 700 Notes payable, short term 160 160 Total current liabilities 21,120 18,860 Long-term liabilities: Bonds payable 9,500 9,500 Total liabilities 30,620 28,360 Stockholders' equity: Common stock 600 600 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,600 4,600 Retained earnings 46,160 38,210 Total stockholders' equity 50,760 42,810 Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity 4,000 4,000 4,600 4,600 46,160 38,210 50,760 42,810 Total liabilities and stockholders' equity $81,380 $71,170 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $73,000 $66,000 Cost of goods sold 39,000 35,000 Gross margin 34,000 31,000 Selling and administrative expenses: Selling expenses 11,400 10,500 Administrative expenses 7,400 6,600 Total selling and administrative expenses 18,800 17,100 Net operating income 15,200 13,900 Interest expense 950 950 Net income before taxes 14,250 12,950 Income taxes 5,700 5,180 Net income 8,550 7,770 Dividends to common stockholders 600 600 Net income added to retained earnings 7,950 7,170 Beginning retained earnings 38,210 31,040 Ending retained earnings $46,160 $38,210 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.)