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 $20. All of the company's sales are on account Wellor Corporation Comparative Balance Sheet (dollars in thousande) This Year Last Year Assets Current assets Cash $ 1,200 $ 1,350 Accounts receivable, net 9,300 7,800 Inventory 13, 100 11,500 Prepaid expenses 740 620 Total current assets 24,340 21,270 Property and equipment Land 10,900 10,900 Buildings and equipment, net 45,251 30.080 Total property and equipment 56, 151 49,700 Total assets $ 80,491 $ 71,050 Liabilities and stockholders' Equity Current liabilities Accounts payable $ 19,600 $.17,600 Neerued abilities 1,060 830 Noten payable, short term 180 180 Total current liabilities 20,840 18,610 Long-term liabilities Bonde payable 9,200 9,200 Total liabilities 30.040 22.010 Stockholders' equity Common stock 700 700 Additional paid in capital 4.000 4.000 Total paid in capital 4,700 4,700 Retained earningo 45.751 38,548 Total stockholders' equity 50,451 43,248 Total liabilities and stockholders' equity $ 80,491 $ 71,058 Last Year $ 65,000 34,000 31,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 70,000 Cost of goods sold 38,000 Gross margin 32,000 Selling and administrative expenses : Selling expenses 10,900 Administrative expenses 7,300 Total selling and administrative expenses 18,200 Net operating income 13,800 Interest expense 920 Net income before taxes 12,880 Income taxes 5,152 Net income 7,728 Dividends to common stockholders 525 Net income added to retained earnings 7, 203 Beginning retained earnings 38,548 Ending retained earnings $ 45,751 Required: Compute the following financial data and ratios for this year: 10, 700 6,400 17,100 13,900 920 12,980 5,192 7,788 280 7,508 31,040 $ 38,548 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