Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December $31$ appear below. The company did not issue any 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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$22.$ 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 $ $1,180$ $ $1,270$

Accounts receivable, net $9,0008,200$

Inventory $12,30012,000$

Prepaid expenses $640650$

Total current assets $23,12022,120$

Property and equipment:

Land $10,90010,900$

Buildings and equipment, net $44,91738,066$

Total property and equipment $55,81748,966$

Total assets $ $78,937$ $ $71,086$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $19,500$ $ $18,500$

Accrued liabilities $1,070810$

Notes payable, short term $100100$

Total current liabilities $20,67019,410$

Long$-$term liabilities:

Bonds payable $9,4009,400$

Total liabilities $30,07028,810$

Stockholders' equity:

Common stock $700700$

Additional paid$-$in capital $4,0004,000$

Total paid$-$in capital $4,7004,700$

Retained earnings $44,16737,576$

Total stockholders' equity $48,86742,276$

Total liabilities and stockholders' equity $ $78,937$ $ $71,086$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $73,000$ $ $65,000$

Cost of goods sold $43,00035,000$

Gross margin $30,00030,000$

Selling and administrative expenses:

Selling expenses $10,50010,900$

Administrative expenses $6,7006,800$

Total selling and administrative expenses $17,20017,700$

Net operating income $12,80012,300$

Interest expense $940940$

Net income before taxes $11,86011,360$

Income taxes $4,7444,544$

Net income $7,1166,816$

Dividends to common stockholders $525280$

Net income added to retained earnings $6,5916,536$

Beginning retained earnings $37,57631,040$

Ending retained earnings $ $44,167$ $ $37,576$

Required:

Compute the following financial data and ratios for this year:

Working capital.

Note: Enter your answer in thousands.

Current ratio.

Note: Round your answer to $2$ decimal places.

Acid$-$test ratio.

Note: Round your answer to $2$ decimal places.