Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $1.00 last year and $0.65 this year. The market value of the company's common stock at the end of the year was $30. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,230 $ 1,270 Accounts receivable, net 10,600 7,200 Inventory 12,500 11,300 Prepaid expenses 790 680 Total current assets 25, 120 20,450 Property and equipment: Land 10,200 10,200 Buildings and equipment, net 43,153 34.784 Total property and equipment 53,353 44.984 Total assets $78,473 565,434 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $20,200 $17,400 Accrued liabilities 970 720 Notes payable, short term 100 100 Total current liabilities 21,270 18,220 Long-term liabilities: Bonds payable 8,100 8.100 Total liabilities 29,370 26,320 Stockholders' equity: Common stock 500 500 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,500 4,500 Retained earnings 44,603 34.614 Total stockholders' equity 49,103 39, 114 Total liabilities and stockholders' equity $78,473 $65,434Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $74,000 $64,000 Cost of goods sold 38,000 39,000 Gross margin 36,000 25,000 Selling and administrative expenses: Selling expenses 10,900 10,700 Administrative expenses 7,100 6,700 Total selling and administrative expenses 18,000 17,400 Net operating income 18,000 7.600 Interest expense 810 810 Net income before taxes 17,190 6.790 Income taxes 6,876 2,716 Net income 10,314 4.074 Dividends to common stockholders 325 500 Net income added to retained earnings 9,989 3,574 Beginning retained earnings 34,614 31,040 Ending retained earnings $44,603 $34.614 Required: Compute the following financial data and ratios for this year. 1. Working capital. (Enter your answer in thousands) Working capital 2. Current ratio. (Round your answer to 2 decimal places.) Current ratio 3. Acid-test ratio. (Round your answer to 2 decimal places.) Acid-test ratio