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 $27. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,110 10,700 13,800 630 26,240 $ 1,280 7,400 11,500 650 20,830 10,300 40,908 51,208 $77,448 10,300 37, 744 48,044 $68,874 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 tern Total current liabilities Long-term 11 abilities: 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 $18,500 1,030 190 19,720 $18, 100 740 190 19,03e 8,600 28,3 8,600 27,630 600 4,000 4,600 44,528 49, 128 $77,448 600 4,000 4,600 36 644 41, 244 $68,874 Last Year $66,000 37,000 29,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $68,000 Cost of goods sold 35,000 Gross margin 33,000 Selling and administrative expenses: Selling expenses 10,800 Administrative expenses 7,200 Total selling and administrative expenses 18,000 Net operating income 15,000 Interest expense 860 Net income before taxes 14,140 Income taxes 5,656 Net income 8,484 Dividends to common stockholders 600 Net income added to retained earnings 7,884 Beginning retained earnings 36,644 Ending retained earnings $44,528 10,800 7,000 17,800 11,200 860 10, 340 4,136 6, 204 600 5,604 31,040 $36,644 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