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 $23. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,180 9, 200 13, 100 750 24,230 $ 1,360 7,900 11,000 510 20,770 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 10,300 43,800 54,100 $78,330 10,300 38,750 49,050 $69,820 $19,400 1,010 270 20,680 $19,200 710 270 20, 180 10,000 30,680 10,000 30,180 600 600 Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 600 4,000 4,600 43,050 47,650 $78,330 600 4,000 4,600 35,040 39,640 $69,820 Last Year $65,000 40,000 25,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $69,000 Cost of goods sold 36,000 Gross margin 33,000 Selling and administrative expenses: Selling expenses 11,000 Administrative expenses 6,900 Total selling and administrative expenses 17,900 Net operating income 15,100 Interest expense 1,000 Net income before taxes 14,100 Income taxes 5,640 Net income 8,460 Dividends to common stockholders 450 Net income added to retained earnings 8,010 Beginning retained earnings 35,040 Ending retained earnings $43,050 10,100 6,500 16,600 8,400 1,000 7,400 2,960 4,440 240 4,200 30,840 $35, 040 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