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 $23. 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 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 This Year Last Year $ 1,080 10,400 13,100 $ 1,250 7,400 10,600 700 680 25,288 19,930 10,700 10,700 42,194 37,582 52,894 48,282 $78,174 $ 68,212 $ 19,200 930 250 20,380 $ 18,600 880 250 19,730 9,300 29,680 9,300 29,030 600 600 4,000 4,000 4,600 4,600 43,894 48,494 39,182 $78,174 $ 68,212 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) 34,582 This Year Sales $ 75,000 Last Year $ 64,000 Cost of goods sold 40,000 39,000 Gross margin 35,000 25,000 Selling and administrative expenses: Selling expenses 10,800 10,300 Administrative expenses 7,000 6,800 Total selling and administrative expenses 17,800 17,100 Net operating income 17,200 7,900 Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings 9,300 29,680 9,300 29,030 600 600 4,000 4,000 4,600 4,600 43,894 34,582 48,494 39,182 $ 78,174 $ 68,212 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 75,000 $ 64,000 Cost of goods sold 40,000 39,000 Gross margin 35,000 25,000 Selling and administrative expenses: Selling expenses 10,800 10,300 Administrative expenses 7,000 6,800 Total selling and administrative expenses 17,800 17,100 Net operating income 17,200 7,900 Interest expense 930 930 Net income before taxes 16,270 6,970 Income taxes 6,508 2,788 Net income 9,762 4,182 450 Beginning retained earnings 9,312 34,582 240 3,942 30,640 $ 43,894 $ 34,582 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.) 1. Working capital 2. Current ratio 3. Acid-test ratio