Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any common stock during the year. A total of 700,000 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 $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) 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 This Year Last Year $ 1,250 9,800 12,700 $ 1,220 8,200 11,800 730 510 24,480 21,730 10,800 10,800 42,833 38,124 53,633 48,924 $ 78,113 $ 78,654 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: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation $ 18,600 1,090 260 $18,800 790 260 19,950 19,850 9,600 29,550 9,600 29,450 700 700 4,000 4,000 4,700 4,700 43,863 36,504 48,563 41,204 $ 78,113 $ 70,654 Comparative Income Statement and Reconciliation Sales Cost of goods sold Gross margin (dollars in thousands) This Year $ 69,000 37,000 Last Year $ 65,000 Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income 37,000 32,000 28,000 11,300 10,100 6,600 6,700 17,900 16,800 14,100 11,200 960 960 13,140 18,240 5,256 4,096 7,884 6,144 525 7,359 36,504 $ 43,863 280 5,864 38,640 $ 36,504 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial data and ratios for this year: 1. Working capital. Note: Enter your answer in thousands. 2. Current ratio. Note: Round your answer to 2 decimal places. 3. Acid-test ratio. Note: Round your answer to 2 decimal places. 1. Working capital 2. Current ratio 3. Acid-test ratio