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 700,000 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 $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,250 10,900 13,900 700 26,750 $ 1,320 7,300 11,500 600 20, 720 10,800 39,187 49,987 $76,737 10,800 38,056 48,856 $69,576 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 $18,500 980 210 19,690 $18,800 860 210 19,870 8,900 28,590 8,900 28,770 700 4,000 4,700 43, 447 48,147 $76,737 700 4,000 4,700 36,106 40,806 $69,576 Last Year $65,000 39,000 26,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $73,000 Cost of goods sold 41,000 Gross margin 32,000 Selling and administrative expenses: Selling expenses 11,000 Administrative expenses 7,000 Total selling and administrative expenses 18,000 Net operating income 14,000 Interest expense 890 Net income before taxes 13,110 Income taxes 5, 244 Net income 7,866 Dividends to common stockholders 525 Net income added to retained earnings 7,341 Beginning retained earnings 36,106 Ending retained earnings $43,447 10,000 6,700 16,700 9,300 890 8,410 3,364 5,046 280 4,766 31,340 $36,106 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