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 the year was $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,110 $ 1,310 7,700 10,900 12,700 10,700 710 25,420 660 20,370 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 9,300 45,866 55,166 $80,586 9,300 43,208 52,508 $72,878 $19,600 1,000 290 20,890 $19,200 870 290 20,360 8,200 29,090 8,200 28,560 500 500 BER Newt Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 500 4,000 4,500 46,996 51,496 $80,586 500 4,000 4,500 39,818 44,318 $72,878 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $68,000 $66,000 Cost of goods sold 37,000 33,000 Gross margin 31,000 33,000 Selling and administrative expenses: Selling expenses 11,000 10,400 Administrative expenses 6,800 6,900 Total selling and administrative expenses 17,800 17,300 Net operating income 13,200 15,700 Interest expense 820 820 Net income before taxes 12,380 14,880 Income taxes 4,952 5,952 Net income 7,428 8,928 Dividends to common stockholders 250 250 Net income added to retained earnings 7,178 8,678 Beginning retained earnings 39,818 31,140 Ending retained earnings $46,996 $39,818 Required: Compute the following financial data and ratios for this year: Required: Compute the following financial data and ratios for this year: -s 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