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 companys common stock at the end of the year was $28. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,220		$	1,230
Accounts receivable, net		9,000			7,600
Inventory		13,500			11,800
Prepaid expenses		670			570
Total current assets		24,390			21,200
Property and equipment:
Land		9,700			9,700
Buildings and equipment, net		40,988			36,554
Total property and equipment		50,688			46,254
Total assets	$	75,078		$	67,454
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	20,400		$	19,100
Accrued liabilities		900			710
Notes payable, short term		230			230
Total current liabilities		21,530			20,040
Long-term liabilities:
Bonds payable		8,100			8,100
Total liabilities		29,630			28,140
Stockholders' equity:
Common stock		700			700
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,700			4,700
Retained earnings		40,748			34,614
Total stockholders' equity		45,448			39,314
Total liabilities and stockholders' equity	$	75,078		$	67,454

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	71,000		$	65,000
Cost of goods sold		41,000			40,000
Gross margin		30,000			25,000
Selling and administrative expenses:
Selling expenses		10,900			10,100
Administrative expenses		6,900			6,800
Total selling and administrative expenses		17,800			16,900
Net operating income		12,200			8,100
Interest expense		810			810
Net income before taxes		11,390			7,290
Income taxes		4,556			2,916
Net income		6,834			4,374
Dividends to common stockholders		700			700
Net income added to retained earnings		6,134			3,674
Beginning retained earnings		34,614			30,940
Ending retained earnings	$	40,748		$	34,614

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.)

Working Capital?

Current Ratio?

Acid-test Ratio?