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 $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,110 9,500 12,900 680 24,190 $ 1,240 8,100 10,800 570 20,710 10,700 39,442 50,142 $74,332 10,700 37,646 48,346 $69,056 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 earings Total stockholders' equity Total liabilities and stockholders' equity $19,400 920 200 20,520 $18,100 850 200 19,150 9,400 29,920 9,400 28,550 600 4,000 4,600 39,812 44,412 $74,332 600 4,000 4,600 35,906 40,506 $69,056 Last Year $65,000 38,000 27,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $67,000 Cost of goods sold 41,000 Gross margin 26,000 Selling and administrative expenses: Selling expenses 11,000 Administrative expenses 6,800 Total selling and administrative expenses 17,800 Net operating income 8,200 Interest expense 940 Net income before taxes 7,260 Income taxes 2,904 Net income 4,356 Dividends to common stockholders 450 Net income added to retained earnings 3,906 Beginning retained earnings 35,906 Ending retained earnings $39,812 11,000 6,700 17,700 9,300 940 8,360 3,344 5,016 450 4,566 31,340 $35,906 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