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 700,000 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 $24. All of the company's sales are on account. 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 $ 1,120 $ 1,320 10,200 13,200 7,500 11,600 780 550 25,300 20,970 10,300 10,300 44,297 39,656 54,597 49,956 $ 79,897 $ 70,926 $ 20,100 1,050 $ 18,400 830 190 100 21,350 19,420 9,900 9,900 31,250 29,320- 700 700 4,000 4,000 4,700 4,700 43,947 36,906 Total stockholders' equity 48,647 41,606 Total liabilities and stockholders' equity $ 79,897 $ 70,926 Additional paid-in capital Total paid-in capital Retained earnings Sales Cost of goods sold Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income: 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.) This Year $ 67,000 Last Year $ 64,000 35,000 36,000 32,000 28,000 11,000 10,200 7,400 6,400 18,400 16,600 13,600 11,400 990 990 12, 610 5,044 10,410 4,164 7,566. 6,246 525 280 7,041 36,906 $ 43,947 $ 36,906 5,966 30,940 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