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 $27. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,260 10,500 12,700 780 25, 240 $ 1,220 8,200 12,500 600 22,520 10,700 37,954 48,654 $ 73,894 10,700 34, 432 45,132 $ 67,652 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 $ 18,600 1,010 200 19,810 $18,600 770 200 19,570 8,800 28,610 8,800 28,370 500 4,000 4,500 40,784 45, 284 $ 73,894 500 4,000 4,500 34,782 39,282 $ 67,652 Last Year $ 64,000 40,000 24,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands ) This Year Sales $ 67,000 Cost of goods sold 38,000 Gross margin 29,000 Selling and administrative expenses: Selling expenses 11,200 Administrative expenses 6,500 Total selling and administrative expenses 17,700 Net operating income 11,300 Interest expense 880 Net income before taxes 10,420 Income taxes 4,168 Net income 6,252 Dividends to common stockholders 250 Net income added to retained earnings 6,002 Beginning retained earnings 34,782 Ending retained earnings $ 40,784 10,800 6,500 17,300 6,700 880 5,820 2,328 3,492 250 3,242 31,540 $34,782 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