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$$s common stock at the end of this year was $$30.$ 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 $ $1,240$ $ $1,350$

Accounts receivable, net $9,6007,200$

Inventory $12,60012,400$

Prepaid expenses $690530$

Total current assets $24,13021,480$

Property and equipment:

Land $10,30010,300$

Buildings and equipment, net $42,79536,230$

Total property and equipment $53,09546,530$

Total assets $ $77,225$ $ $68,010$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $18,900$ $ $18,400$

Accrued liabilities $1,100770$

Notes payable, short term $230230$

Total current liabilities $20,23019,400$

Long$-$term liabilities:

Bonds payable $9,5009,500$

Total liabilities $29,73028,900$

Stockholders' equity:

Common stock $700700$

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

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

Retained earnings $42,79534,410$

Total stockholders' equity $47,49539,110$

Total liabilities and stockholders' equity $ $77,225$ $ $68,010$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $73,000$ $ $64,000$

Cost of goods sold $39,00040,000$

Gross margin $34,00024,000$

Selling and administrative expenses:

Selling expenses $11,40010,600$

Administrative expenses $6,8006,700$

Total selling and administrative expenses $18,20017,300$

Net operating income $15,8006,700$

Interest expense $950950$

Net income before taxes $14,8505,750$

Income taxes $5,9402,300$

Net income $8,9103,450$

Dividends to common stockholders $525280$

Net income added to retained earnings $8,3853,170$

Beginning retained earnings $34,41031,240$

Ending retained earnings $ $42,795$ $ $34,410$

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.