Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $1.00 last year and $0.65 this year. The market value of the companys common stock at the end of the year was $21. All of the companys 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 $ 1,280 $ 1,210 10,300 7,500 13,600 12,000 700 570 25,880 21,280 9,300 44,332 9,300 40,056 Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets 53,632 49,356 $79,512 $70,636 $19,400 $19,100 990 790 260 260 20,650 20,150 9,900 9,900 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 30,550 30,050 600 4,000 600 4,000 4,600 44,362 4,600 35,986 48,962 40,586 $79,512 $ 70,636 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $68,000 $ 65,000 Cost of goods sold 34,000 37,000 Gross margin 34,000 28,000 11,200 7,200 10,600 6,500 18,400 17,100 15,600 990 10,900 990 Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 14,610 5,844 9,910 3,964 8,766 390 5,946 600 8,376 35,986 5,346 30,640 $44,362 $35,986 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands) Working capital 2. Current ratio. (Round your answer to 2 decimal places.) Current ratio 3. Acid-test ratio. (Round your answer to 2 decimal places.) Acid-test ratio