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 companys common stock at the end of this year was $22. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,250	$ 1,310
Accounts receivable, net	9,500	7,400
Inventory	13,600	11,300
Prepaid expenses	620	680
Total current assets	24,970	20,690
Property and equipment:
Land	10,200	10,200
Buildings and equipment, net	45,282	42,076
Total property and equipment	55,482	52,276
Total assets	$ 80,452	$ 72,966
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,000	$ 17,900
Accrued liabilities	1,080	850
Notes payable, short term	110	110
Total current liabilities	20,190	18,860
Long-term liabilities:
Bonds payable	8,900	8,900
Total liabilities	29,090	27,760
Stockholders' equity:
Common stock	600	600
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,600	4,600
Retained earnings	46,762	40,606
Total stockholders' equity	51,362	45,206
Total liabilities and stockholders' equity	$ 80,452	$ 72,966

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 70,000	$ 66,000
Cost of goods sold	40,000	32,000
Gross margin	30,000	34,000
Selling and administrative expenses:
Selling expenses	11,000	10,300
Administrative expenses	7,100	6,300
Total selling and administrative expenses	18,100	16,600
Net operating income	11,900	17,400
Interest expense	890	890
Net income before taxes	11,010	16,510
Income taxes	4,404	6,604
Net income	6,606	9,906
Dividends to common stockholders	450	240
Net income added to retained earnings	6,156	9,666
Beginning retained earnings	40,606	30,940
Ending retained earnings	$ 46,762	$ 40,606

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.)