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 $25. 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 Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 1,110 9,900 12,900 $ 1,390 8,300 10,900 800 690 24,710 21,280 10,900 10,900 42,618 38,234 53,518 49,134 $ 78,228 $ 70,414 $ 19,700 1,010 200 $ 19,000 730 200 20,910 19,930 8,600 8,600 29,510 28,530 600 600 4,000 4,000 4,600 4,600 44,118 48,718 37,284 41,884 $ 78,228 $ 70,414 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 67,000 $ 65,000 Cost of goods sold 36,000 36,000 Gross margin 31,000 29,000 Selling and administrative expenses: Selling expenses 11,000 10,400 Administrative expenses 7,000 6,600 Total selling and administrative expenses 18,000 17,000 Net operating income 13,000 12,000 Interest expense 860 860 Net income before taxes 12,140 11,140 Income taxes 4,856 4,456 Net income 7,284 6,684 Beginning retained earnings Dividends to common stockholders Net income added to 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.) 450 240 6,834 37,284 $ 44,118 6,444 30,840 $ 37,284