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 companys common stock at the end of the year was $24. All of the companys sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,280 $ 1,360 Accounts receivable, net 11,000 7,900 Inventory 12,600 10,800 Prepaid expenses 720 620 Total current assets 25,600 20,680 Property and equipment: Land 9,900 9,900 Buildings and equipment, net 44,996 41,138 Total property and equipment 54,896 51,038 Total assets $ 80,496 $ 71,718 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 19,800 $ 18,200 Accrued liabilities 1,000 730 Notes payable, short term 120 120 Total current liabilities 20,920 19,050 Long-term liabilities: Bonds payable 9,700 9,700 Total liabilities 30,620 28,750 Stockholders' equity: Common stock 500 500 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,500 4,500 Retained earnings 45,376 38,468 Total stockholders' equity 49,876 42,968 Total liabilities and stockholders' equity $ 80,496 $ 71,718 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 72,000 $ 65,000 Cost of goods sold 41,000 35,000 Gross margin 31,000 30,000 Selling and administrative expenses: Selling expenses 11,100 10,900 Administrative expenses 7,000 6,000 Total selling and administrative expenses 18,100 16,900 Net operating income 12,900 13,100 Interest expense 970 970 Net income before taxes 11,930 12,130 Income taxes 4,772 4,852 Net income 7,158 7,278 Dividends to common stockholders 250 250 Net income added to retained earnings 6,908 7,028 Beginning retained earnings 38,468 31,440 Ending retained earnings $ 45,376 $ 38,468 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.)