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 $28. 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: Weller Corporation Comparative Balance Sheet (dollars in thousands) Land Buildings and equipment, net Total property and equipment Total assets Current liabilities: Accounts payable Liabilities and Stockholders' Equity 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 This Year Last Year $ 1,230 9,400 12,900 $ 1,410 7,400 12,500 640 570 24,170 21,880 10,900 10,900 43,278 38,154 54,178 49,054 $ 78,348 $ 70,934 $ 18,900 1,000 270 20,170 $ 18,500 880 270 19,650 8,600 28,770 8,600 28,250 600 600 4,000 4,000 4,600 4,600 44,978 38,084 49,578 42,684 $ 78,348 $ 70,934 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 66,000 Last Year $ 65,000 Cost of goods sold 35,000 35,000 Gross margin 31,000 30,000 Selling and administrative expenses: Selling expenses 10,700 10,400 Administrative expenses 7,200 6,100 Total selling and administrative expenses 17,900 16,500 Net operating income 13,100 13,500 Interest expense 860 860 Net income before taxes 12,240 12,640 Income taxes 4,896 5,056 Net income 7,344 7,584 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings 450 240 Ending retained earnings 6,894 38,084 $ 44,978 7,344 30,740 $ 38,084 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