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 $22. All of the company's sales are on account This Year Last Year $ 1,110 9,500 12,600 710 23,920 $ 1,320 7.600 11,500 510 20,930 Weller Corporation Comparative Balance Sheet (dollars in thousanda) 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 eta Liabilities and stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short tern Total current liabilities Long-ter liabilities: Bonds payable Total liabilities 9,700 46.682 56,382 $ 80,302 9,700 39,146 48,846 $ 69,776 $ 18,700 1,090 210 20.000 $ 17,600 850 210 18.560 9.400 29,400 9/400 26,060 Vuo AC 29,400 28,060 Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 600 4,000 4,600 46,302 50,902 $ 80,302 600 4,000 4,600 37,116 41,716 $ 69,776 Last Year $ 65,000 36,000 29,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 74,000 Cost of goods sold 40,000 Gross margin 34,000 Selling and administrative expenses Selling expenses 10,500 Administrative expenses 6,500 Total selling and administrative expenses 17,000 Net operating income 17,000 Interest expense 940 Net Income before taxes 16,060 Income taxes 6,424 Net income 9,636 Dividends to common stockholders 450 Net Income added to retained earnings 9,186 Beginning retained earnings 37, 116 Ending retained earnings $ 46,302 10,500 6,700 17,200 11,800 940 10,860 4,344 6,516 240 6,276 30,840 $ 37,116 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