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 700,000 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 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: $ 1,130 9,600 13,500 680 24,910 $ 1,370 6,600 12,300 670 20,940 Land 10,300 41,844 52,144 $77,054 10,300 38,162 48, 462 $69,402 $19,000 980 110 20,090 $18,500 796 110 19,400 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 8,300 28,390 8,300 27,700 700 4,000 4,700 43,964 48, 664 $77,054 700 4,000 4,700 37,002 41,702 $69, 402 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $68,000 $66,000 Cost of goods sold 37,000 38,000 Gross margin 31,000 28,000 Selling and administrative expenses: Selling expenses 10,900 10,200 Administrative expenses 6,500 6,700 Total selling and administrative expenses 17,400 16,900 Net operating income 13,600 11,100 Interest expense 830 830 Net income before taxes 12, 770 10,270 Income taxes 5, 108 4,108 Net income 7,662 6,162 Dividends to common stockholders 700 700 Net income added to retained earnings 6,962 5, 462 Beginning retained earnings 37,002 31,540 Ending retained earnings $43,964 $37,002 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter 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