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 $26. All of the company's sales are on account Meller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,190 10,600 1), 100 650 25.50 $ 1,270 7,400 11, SO 21.020 9.100 9.100 49,026 58.126 $83.666 $71,618 Assets Current assetst 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 ters Total current liabilities Long-term liabilities: Bonds payable Total Itabilities Stockholders' equity! Common stock Additional paid in capital Total paid in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $19,900 1,000 100 21.00 $17,980 840 100 18.500 9,700 30,700 28, 540 600 4.ee 4.600 48,366 52.966 $83,666 4,000 4.40 38,478 43,078 $21,618 Weller Corporation Comparative Income Statement and Reconciliation Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $71, eee $66,080 Cost of goods sold 35,000 36,000 Gross margin 36,000 30,000 Selling and administrative expenses: Selling expenses 11,200 10.000 Administrative expenses 6,600 6,400 Total selling and administrative expenses 17,800 16,400 Net operating incone 18, 20e 13,680 Interest expense 970 97e Net Income before taxes 17,230 12,630 Income taxes 6,892 5,052 Net income 10,338 7.578 Dividends to common stockholders 45e 240 Net Income added to retained earnings 9,888 7,338 Beginning retained earnings 38,478 31,140 Ending retained earnings $48,366 $38,478 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