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 $24. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,230 10,100 13,000 650 24,990 $ 1,380 8.200 12,300 660 22,540 9.500 48,460 52.960 $ 32,940 9,500 37.860 47, 360 $ 69,900 Assets Current assets 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 Acerved liabilities Notes payable, short tern Total current liabilities Long-tern liabilities: bonds payable Total liabilities Stockholders' equity Conmon stock Additional paid-in capital Total paid-in capital Retained earnings $ 19,300 980 250 20.530 $ 18,000 200 250 18,950 9.500 30.030 2.500 20,450 600 8.000 4.500 400.010 600 G1000 4.600 36,850 LULA pamu-A LOPILOL. Retained earnings Total stockholders' equity Total liabilities and stockholders' equity UUU 48,310 52,910 $ 82,940 UVU 36,850 41,450 $ 69,900 Last Year $ 64,000 36,000 28,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 74,000 Cost of goods sold 35,000 Gross margin 39,000 Selling and administrative expenses: Selling expenses 11,100 Administrative expenses 7,100 Total selling and administrative expenses 18,200 Net operating income 20,800 Interest expense 950 Net income before taxes 19,850 Income taxes 7,940 Net income 11,910 Dividends to common stockholders 450 Net income added to retained earnings 11,460 Beginning retained earnings 36,850 Ending retained earnings $ 48,310 10,800 6,500 17,300 10,700 950 9.750 3,900 5,850 240 5,610 31, 240 $ 36,850 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 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 450 11,460 36,850 $ 48,310 5 31 $ 36 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