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 the year was $24. All of the company's sales are an account Waller Corporation Comparative Balance sheet dollars in thousands) This Year Last Yen $ 1,240 9,300 12,600 780 23.920 # 1,380 9.900 11,200 21,170 Messte Current Assets Canh Necounts receivable, not Inventory Trapaid expenses Total current assets Property and equipment Land Muilding and equipment, net Total property and equipment Total asset Liabilities and Stockholdere Equity Current liabilities Meccants payable heard abilities Motre payable, whort term Total current liabilities Long-term liabilities: Donds payable Total liabilities 9,900 45,914 55,014 179.734 9.900 37,912 42.2012 520.000 1,040 260 21,200 $17.900 760 240 18.900 9.000 31,005 2.800 20.700 31. VOU 4000 Total ALDILLE Stockholders' equity Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 700 4,000 4,700 43,954 48,654 $79,734 700 4.000 4,700 35,587 40,287 $68,987 Book Hint Print erences Woller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Salon $72,000 $66,000 Cont of goods sold 39,000 39.000 Gross margin 33,000 27,000 Selling and administrative expenses Selling expenses 10,700 10,800 Administrative expenses 6,500 6,600 Total selling and administrative expenses 17,200 17,400 Net operating income 15,800 9,600 Interest expense 980 980 Net income before taxes 14,820 8,620 Income taxes 5,928 3, 448 Net income 8,892 5,172 Dividends to common stockholders 525 525 Net income added to retained earnings 8, 367 4,647 Beginning retained earnings 35,587 30,940 Ending retained earnings $43,954 $35,587 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 2,640 1.24 1.28