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 $24. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands This Year Last Year $ 1,240 10,700 12,100 680 24,720 $1,290 8.400 11.000 560 21,350 10,900 46,036 56,936 $ 81,656 10,900 35, 468 46,368 $ 67,718 Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current asseto Property and equipment: Land Duildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short tern Total current liabilities Long-term liabilities Bonds payable Total liabilities Stockholders' equity Common stock Additional paid in capital Total padd-in capital Retained corningo Total stockholders' equity $ 19,400 980 110 20,490 $ 17,800 900 IIO 18,010 9.200 29,690 9.200 28.010 600 600 4,000 4,000 4,600 4,600 47.366 35.100 519 056 39708 Last Year $ 66,000 41,000 25,000 3:48 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 76,000 Cost of goods sold 36,000 Gross margin 40,000 Selling and administrative expenses: Selling expenses 11,100 Administrative expenses 6,800 Total selling and administrative expenses 17,900 Net operating income 22,100 Interest expense 920 Net income before taxes 21,180 Income taxes 8,472 Net income 12,708 Dividends to common stockholders 450 Net income added to retained earnings 12,258 Beginning retained earnings 35,108 Ending retained earnings $ 47,366 10,800 6,100 16,900 8,100 920 7,180 2,872 4,308 240 4,068 31,040 $ 35, 108 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.) Answer is complete but not entirely correct. 1. Working capital $ 4.230 2. Current ratio 1.21 3. Acid-test ratio 0.62