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 $24. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands ) This Year Last Year $ 1,090 9, 200 12,600 790 23, 680 $ 1,280 7,600 12,000 580 21,460 9,500 45, 477 54,977 $ 78,657 9,500 38,436 47,936 $ 69,396 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 $ 19,400 960 270 20,630 $ 17,800 880 270 18,950 8,900 29,530 8,900 27,850 700 4,000 4,700 44, 427 49, 127 $ 78,657 700 4,000 4,700 36,846 41,546 $ 69,396 Last Year $ 65,000 36,000 29,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 69,000 Cost of goods sold 37,000 Gross margin 32,000 Selling and administrative expenses: Selling expenses 11,000 Administrative expenses 6,600 Total selling and administrative expenses 17,600 Net operating income 14,400 Interest expense 890 Net income before taxes 13,510 Income taxes 5,404 Net income 8,106 Dividends to common stockholders Net income added to retained earnings 7,581 Beginning retained earnings 36,846 Ending retained earnings $ 44,427 10,900 6,900 17,800 11,200 890 10,310 4,124 6,186 280 5,906 30,940 $ 36,846 525 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