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 the year was $23. All of the company's sales are on account Weller Corporation Comparative Balance sheet (dollars in thousands) This Year Last Year $ 1,240 10,000 12,400 770 24,410 $ 1,260 7,800 11,900 520 21.480 9,200 47,496 56,696 $81,106 9, 200 37,718 46,918 $68,398 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 Neerued liabilities Notes payable, short term Total current liabilities Long-term liabilities Bonds payable Total ilabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $19,200 920 150 20,270 $17,600 780 150 18.530 8,200 28.470 8,200 26,730 600 4.000 4,600 48,036 52.636 $81,106 600 4.000 4,600 37,068 41,668 $68, 398 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $72,000 $ 64,000 Cost of goods sold 35,000 36,000 Gross margin 37,000 28,000 Selling and administrative expenses: Selling expenses 10,500 10,700 Administrative expenses 6,900 6,100 Total selling and administrative expenses 17,400 16,800 Net operating income 19,600 11,200 Interest expense 820 820 Net income before taxes 18,780 10,380 Income taxes 7,512 4,152 Net income 11,268 6,228 Dividends to common stockholders 300 300 Net income added to retained earnings 10,968 5,928 Beginning retained earnings 37,068 31,140 Ending retained earnings $48,036 $37,068 ces 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