Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $1.00 last year and $0.65 this year. The market value of the company's common stock at the end of the year was $26. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,140 $ 1,320 Accounts receivable, net 9,500 6.700 Inventory 12.900 12.500 Prepaid expenses 700 690 Total current assets 24,240 21,210 Property and equipment Land 10,300 10,300 Buildings and equipment, net 43,056 36,078 Total property and equipment 53,356 46,378 Total assets $77,596 $67,588 $19,500 970 220 $ 18,200 860 220 20,690 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 9,200 29,890 19,280 9,200 28,480 600 4,000 600 4,000 4,600 34,508 4,600 43,106 47,706 39,108 $77,596 $ 67,588 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $69,000 $64,000 Cost of goods sold 35,000 39,000 Gross margin 34,000 25,000 Selling and administrative expenses: Selling expenses 10,800 10,600 Administrative expenses 7,300 6,200 Total selling and administrative expenses 18,100 16,800 Net operating income 15,900 8,200 Interest expense 920 920 Net income before taxes 14,980 7,280 Income taxes 5,992 2,912 Net income 8,988 4,368 Dividends to common stockholders 390 600 Net income added to retained earnings 8,598 3,768 Beginning retained earnings 34,508 30,740 Ending retained earnings $43,106 $34,508 Required: Compute the following financial data and ratios for this year. 1. Working capital. (Enter your answer in thousands) Working capital 2. Current ratio. (Round your answer to 2 decimal places.) Current ratio 3. Acid-test ratio. (Round your answer to 2 decimal places.) Acid-test ratio