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 $28. 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 This Year Last Year $1,120 9,300 12,300 $ 1,290 6,600 10,900 800 530 23,520 19,320 11,000 11,000 43,240 39,874 54,248 50,874 $ 77,768 $ 70,194 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 $ 18,600 960 110 19,670 8,600 28,270 $ 19,400 740 110 20,250 8,600 28,850 600 600 4,000 4,000 4,600 4,600 44,898 49,498 $ 77,768 36,744 41,344 $ 70,194 Gross margin Sales Cost of goods sold Selling expenses Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 73,000. 40,000 Last Year $ 65,000 37,000 28,000 33,000 Selling and administrative expenses: 10,600 10,900 Administrative expenses 7,200 6,500 Total selling and administrative expenses 17,800 17,400 Net operating income 15,200 10,600 Interest expense 860 860 Net income before taxes 14,340 9,740 Income taxes 5,736 3,896 Net income 8,604 5,844 450 240 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 8,154 36,744 $ 44,898 5,604 31,140 $ 36,744 ces 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