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 $26. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,250 10,600 13,000 700 25,550 $ 1,300 7,600 11,700 650 21,250 Assets Current assetst Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment Land Buildings and equipment, net Total property and equipment Total asseto Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable 10,700 45,830 56,530 $ 82,080 10, 700 38,210 48,910 $ 70,160 $ 19,700 1,010 180 20,890 $ 17,600 850 180 18,630 8.500 8.500 8,500 29, 390 8,500 27,130 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 600 4,000 4,600 48,090 52,690 $ 82,080 600 4,000 4,600 38,430 43,030 $ 70,160 Last Year $ 64,000 33,000 31,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 71,000 Cost of goods sold 36,000 Gross margin 35,000 Selling and administrative expenses Selling expenses 10,800 Administrative expenses 6,500 Total selling and administrative expenses 17,300 Net operating income 17,700 Interest expense 850 Net income before taxes 16,850 Income taxes 6,740 Net income 10, 110 Dividends to common stockholders 450 Net income added to retained earnings 9,660 Beginning retained earnings 38,430 Ending retained earnings $ 48,090 10,700 6,400 17,100 13,900 850 13,050 5, 220 7,830 240 7,590 30, 840 $ 38, 430 Required. Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 6. DUU 17,300 17,700 850 16,850 6, 740 10, 110 450 9,660 38,430 $ 48,090 0,400 17,100 13,900 850 13,050 5, 220 7,830 240 7,590 30,840 $ 38, 430 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 4,380 1.21 0.59