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 $27. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,230 9,5ee 12,30 720 23,750 $ 1,330 6,800 11,800 510 20,440 18,500 45,634 534 $ 79,284 10,5ee 37,532 48,32 $68,472 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Tot 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: Connon stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $19,5ee 1,838 228 28,750 $18,800 830 220 19,850 8,300 29,850 8.3ee 28,150 600 see 4.600 45,634 50,234 $ 79,284 4,600 4.600 35,722 48,322 $68,472 Last Year $65,000 38,eee 27. eee Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $69.eee Cost of goods sold 33,eee Gross margin 36,eee Selling and administrative expenses: Selling expenses 11,300 Administrative expenses 6.660 Total selling and administrative expenses 17,900 Net operating income 18,100 Interest expense 830 Net income before taxes 17, 278 Income taxes 6.908 Net Income 18,362 Dividends to common stockholders 450 Net income added to retained earnings 9,912 Beginning retained earnings 35,722 Ending retained earnings $45,634 18,400 6.900 17,300 9,700 830 8,870 3,548 5.322 248 5.882 30,640 $35,722 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.) 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 $27. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,230 9,5ee 12,30 720 23,750 $ 1,330 6,800 11,800 510 20,440 18,500 45,634 534 $ 79,284 10,5ee 37,532 48,32 $68,472 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Tot 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: Connon stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $19,5ee 1,838 228 28,750 $18,800 830 220 19,850 8,300 29,850 8.3ee 28,150 600 see 4.600 45,634 50,234 $ 79,284 4,600 4.600 35,722 48,322 $68,472 Last Year $65,000 38,eee 27. eee Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $69.eee Cost of goods sold 33,eee Gross margin 36,eee Selling and administrative expenses: Selling expenses 11,300 Administrative expenses 6.660 Total selling and administrative expenses 17,900 Net operating income 18,100 Interest expense 830 Net income before taxes 17, 278 Income taxes 6.908 Net Income 18,362 Dividends to common stockholders 450 Net income added to retained earnings 9,912 Beginning retained earnings 35,722 Ending retained earnings $45,634 18,400 6.900 17,300 9,700 830 8,870 3,548 5.322 248 5.882 30,640 $35,722 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.)