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 $24. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,090 9.600 12,300 550 23,640 $ 1,370 7,200 11.200 550 20,320 700 44.052 53,752 $ 77.392 9,700 38.575 48,276 $ 68,596 Assets Current auta Cash Accounts receivable, net Inventory Prepaid expenses Total current asseta Property and equipment Land Buildings and equipment, net Total property and equipment Total assets Liabilities and stockholders' Equity Current abilities Accounts payable Accrued abilities Notes payable, short term Total current liabilities Long-term liabilities: Donde payable Total liabilities Stockholders' equity Common stock Additional pald-in capital Total paid in capital Metained rings Total stockholders equity Total liabilities and stockholders equity $ 19,200 930 120 20, 250 $18.500 730 128 19,350 9,900 10, 150 9,900 29,250 600 4.000 4,600 42642 47/242 $77.392 600 47.000 4.600 34,746 39346 $ 68,596 Last Year $ 64,000 40,000 24,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 72,000 Cost of goods sold 40,000 Gross margin 32,000 Selling and administrative expenses: Selling expenses 10,700 Administrative expenses 6,400 Total selling and administrative expenses 17,100 Net operating income 14,900 Interest expense 990 Net income before taxes 13,910 Income taxes 5,564 Net income 8,346 Dividends to common stockholders 450 Net income added to retained earnings 7,896 Beginning retained earnings 34,746 Ending retained earnings $ 42,642 10,300 6,800 17,100 6,900 990 5,910 2,364 3,546 240 3,306 31,440 $ 34,746 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.) 57.142 1. Working capital 2. Current ratio 3. Acid-test ratio 3.82