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 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) 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 $ 1,120 $ 1,330 10,800 12,900 680 8,100 11,100 500 25,500 21,030 10,500 10,500 43,901 37,578 54,401 48,078 $ 79,901 $ 69,108 $ 19,300 1,030 150 $ 19,300 740 150 20,480 20,190 8,700 8,700 29,180 28,890 500 500 4,000 4,000 4,500 4,500 46,221 35,718 50,721 40,218 Total liabilities and stockholders' equity $ 79,901 $ 69,108 Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 74,000 $ 65,000 Cost of goods sold 37,000 39,000 Gross margin 37,000 26,000 Selling and administrative expenses: Selling expenses 11,500 10,400 Administrative expenses 6,500 6,600 Total selling and administrative expenses 18,000 17,000 Net operating income 19,000 9,000 Interest expense 870 870 Net income before taxes 18,130 8,130 Income taxes 7,252 3,252 Net income 10,878 4,878 375 200 10,503 35,718 $ 46,221 4,678 31,040 $ 35,718 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. 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