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 500.000 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 $30. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,260 9. 200 13,600 730 24,790 $ 1,350 7,460 11, see 59e 21,148 9,800 38,133 47,933 $72,723 9,800 36,874 46,674 $67,814 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 Accrued liabilities Notes payable, short tern 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 $19.000 92e 130 28,050 $19,1ee 900 130 29, 130 9,600 29,65e 9,600 29,738 see see 4.800 4.5ee 38,573 43,073 $72,723 4,5ee 33,584 38,684 $67,814 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $67,eee $64.ee Cost of goods sold 39,600 42,eee Gross margin 28,600 22,600 Selling and administrative expenses: Selling expenses 11,300 10,660 Administrative expenses 6,888 6,789 Total selling and administrative expenses 18,129 17.30e Net operating income 9.900 4,700 Interest expense 960 960 Net income before taxes 8,948 3,740 Income taxes 3,576 1,496 Net income 5,364 2,244 Dividends to connon stockholders 375 2ee Net income added to retained earnings 4,989 2,644 Beginning retained earnings 33,584 31,548 Ending retained earnings $38,573 $33,584 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.)