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 companys common stock at the end of this year was $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,110 9,800 13,000 740 24,650 $ 1,280 7,400 12,200 500 21,380 9,400 44,021 53, 421 $78,071 9,400 38,028 47, 428 $68,808 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 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 $19,300 1,040 300 20,640 $18,000 820 300 19, 120 9,200 29,840 9,200 28, 320 700 4,000 4,700 43,531 48,231 $ 78,071 700 4,000 4,700 35,788 40,488 $68,808 Last Year $65,000 39,000 26,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $67,000 Cost of goods sold 34,000 Gross margin 33,000 Selling and administrative expenses: Selling expenses 11,300 Administrative expenses 7,000 Total selling and administrative expenses 18,300 Net operating income 14,700 Interest expense 920 Net income before taxes 13, 780 Income taxes 5,512 Net income 8,268 Dividends to common stockholders 525 Net income added to retained earnings 7,743 Beginning retained earnings 35, 788 Ending retained earnings $43,531 10,400 6,800 17,200 8,800 920 7,880 3,152 4,728 280 4,448 31,340 $35,788 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