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 $26. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,240 9,700 13,700 690 25,330 $ 1,220 6,700 11,200 530 19,650 10,500 44,900 55,400 $80,730 10,500 41,630 52, 130 $71,780 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 $20,100 1,090 140 21,330 $18,000 830 140 18,970 10,000 31,330 10,000 28,970 500 4,000 4,500 44,900 49,400 $80,730 500 4,000 4,500 38,310 42,810 $71,780 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $67,000 $65,000 Cost of goods sold 37,000 35,000 Gross margin 30,000 30,000 Selling and administrative expenses: Selling expenses 10,800 10,700 Administrative expenses 6,800 6,100 Total selling and administrative expenses 17,600 16,800 Net operating income 12,400 13,200 Interest expense 1,000 1,000 Net income before taxes 11,400 12,200 Income taxes 4,560 4,880 Net income 6,840 7,320 Dividends to common stockholders 250 250 Net income added to retained earnings 6,590 7,070 Beginning retained earnings 38,310 31, 240 Ending retained earnings $44,900 $38,310 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