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 the year was $22. All of the company's sales are on account. This Year Last Year $ 1,230 10,100 13,600 770 25, 700 $ 1,360 7,200 11,800 590 20,950 10,700 15, 294 55, 994 $81,694 10,700 40,292 50,992 $71,942 Weller Corporation Comparative Balance Sheet (dollars in thousands ) 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 1.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 $18,800 930 220 19,950 $1B, 700 870 220 19,790 9,300 29, 250 9,300 29,090 700 4,000 4,700 47,744 52,444 $81,694 700 4,000 4,700 3B, 152 42,852 $71,942 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 75,000 $ 66,000 Cost of goods sold 40,000 35,000 Gross margin 35,000 31,000 Selling and administrative expenses: Selling expenses 11,000 10,500 Administrative expenses 6,500 6,800 Total selling and administrative expenses 17,500 17,300 Net operating income 17,500 13,700 Interest expense 930 930 Net income before taxes 16, 570 12,770 Income taxes 6,628 5,108 Net income 9,942 7,662 Dividends to common stockholders 350 350 Net income added to retained earnings 9,592 7,312 Beginning retained earnings 3B, 152 30,840 Ending retained earnings $ 47, 744 $3B, 152 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