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 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 $23. All of the company's sales are on account. 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 Liabilities and Stockholders' Equity Total assets Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,210 $ 1,330 10,300 13,600 6,500 10,900 750 700 25,860 19,430 10,400 10,400 43,709 41,702 54,109 52,102 $ 79,969 $ 71,532 $ 19,600 $ 17,700 1,080 150 750 150 20,830 18,600 9,800 9,800 30,630 28,400 700 700 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,700 4,700 Retained earnings 44,639 38,432 Total stockholders' equity 49,339 43,132 Total liabilities and stockholders' equity $ 79,969 $ 71,532 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 69,000 $ 65,000 Cost of goods sold 39,000 35,000 Gross margin 30,000 30,000 Selling and administrative expenses: Selling expenses 10,900 10,400 Administrative expenses 6,900 6,000 Total selling and administrative expenses 17,800 16,400 Net operating income 12,200 13,600 Interest expense 980 980 Net income before taxes 11,220 12,620 Income taxes 4,488 5,048 Net income 6,732 7,572 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 525 280 6,207 38,432 7,292 31,140 $ 44,639 $ 38,432 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