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 $27. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) 3.10 This Year Last Year $ 1,240 9,000 12,700 800 23,740 $ 1,280 7,400 11,700 600 20,980 10,100 46,002 56,102 $ 79,842 10,100 38,916 49,016 $ 69,996 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 $ 18,500 820 $ 19,700 1,000 200 20,900 200 19,520 8.400 29, 300 8,400 27.920 600 4,000 4.600 45,942 50, 542 $ 79,842 600 4.000 4,600 37,475 42,076 $ 69,996 Last Year $ 65,000 36,000 29,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 72,000 Cost of goods sold 39,000 Gross margin 33,000 Selling and administrative expenses: Selling expenses 10,800 Administrative expenses 6,500 Total selling and administrative expenses 17,300 Net operating income 15,700 Interest expense 840 Net income before taxes 14,860 Income taxes 5,944 Net income 8,916 Dividends to common stockholders 450 Net income added to retained earnings 8,466 Beginning retained earnings 37,476 Ending retained earnings $ 45,942 10,400 6,800 17,200 11,800 840 10,960 4,384 6,576 240 6,336 31,140 $ 37,476 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