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 $ 1,140 9,400 12,400 710 23, 650 $ 1,350 7,900 10,900 510 20, 660 10,000 45, 302 55, 302 $78,952 10,000 37, 236 47, 236 $67,896 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, 800 1,080 100 19, 980 $17,400 790 100 18, 290 9,900 29, 880 9,900 28, 190 600 4,000 4,600 44,472 49, 072 $78,952 600 4,000 4,600 35, 106 39,706 $67,896 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $68,000 $65,000 Cost of goods sold 33,000 39,000 Gross margin 35,000 26,000 Selling and administrative expenses: Selling expenses 11, 200 10, 800 Administrative expenses 6,700 6,600 Total selling and administrative expenses 17,900 17,400 Net operating income 17, 100 8,600 Interest expense 990 990 Net income before taxes 16, 110 7,616 Income taxes 6,444 3,044 Net income 9, 666 4,566 Dividends to common stockholders 300 300 Net income added to retained earnings 9,366 4, 266 Beginning retained earnings 35, 106 30, 840 Ending retained earnings $44,472 $35, 106 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