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 500,000 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 $23. 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 $ 1,100 $ 1,300 Accounts receivable, net 9,400 6,800 Inventory 13,900 11,400 Prepaid expenses 660 630 Total current assets 25,060 20.130 Property and equipment Land 9,800 9,800 Buildings and equipment, net 45, 149 42,032 Total property and equipment 54,949 51,832 Total assets 580,009 $71, 962 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable Accrued liabilities $18,600 $18.400 970 Notes payable, short tern 890 230 Total current liabilities Long-term Liabilities: 19,800 19,520 Bonds payable Total liabilities 9,300 9,300 Stockholders' equity: 29.100 20.820 Connon stock Additional paid-in capital 500 500 Total paid-in capital 4,000 4.000 Retained earnings 4,500 4,500 Total stockholders' equity 46,489 38.642 50.909 Total liabilities and stockholders' equity 580.009 571,962 230 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $70,000 $66,000 Cost of goods sold 38,000 34,000 Gross margin 32,000 32,000 Selling and administrative expenses: Selling expenses 11,100 10,400 Administrative expenses 6,400 7,000 Total selling and administrative expenses 17,500 17,400 Net operating income 14,500 14,600 Interest expense 930 930 Net income before taxes 13,570 13,670 Income taxes 5,428 5,468 Net income 8, 142 Dividends to common stockholders 8,202 375 Net income added to retained earnings 200 7,767 8,002 Beginning retained earnings 38,642 30,640 Ending retained earnings $46,409 $38,642 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