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 500,000 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. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,110 9,700 13,700 790 25, 300 $ 1,240 8, 200 11,000 680 21,120 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 9,600 44,065 53,665 $78,965 9,600 41,160 50, 760 $71,880 $18,900 1,040 $18,200 790 160 19, 150 160 20,100 9,500 29,600 9,500 28,650 500 500 Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 4,000 4,500 44,865 49,365 $78,965 4,000 4,500 38,730 43,230 $71,880 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $73,000 $ 66,000 Cost of goods sold 43,000 35,000 Gross margin 30,000 31,000 Selling and administrative expenses: Selling expenses 11,100 10,000 Administrative expenses 7,100 6,900 Total selling and administrative expenses 18,200 16,900 Net operating income 11,800 14,100 Interest expense 950 950 Net income before taxes 10,850 13,150 Income taxes 4,340 5,260 Net income 6,510 7,890 Dividends to common stockholders 375 200 Net income added to retained earnings 6,135 7,690 Beginning retained earnings 38,730 31,040 Ending retained earnings $44,865 $38,730 Required: Compute the following financial data and ratios for this year: 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