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 ear and $0.40 this year. The market value of the company's common stock at the end of the year was $24. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Lant Year $ 1,170 10,300 13,500 710 25.680 $ 1,310 7,500 12,200 600 21,610 9,300 45,596 54,896 $80,576 9,300 37.B0B 47, 108 $68, 718 Assets Current assets Cash Accounts receivable, net Inventory Prepaid expensen Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and stockholders' Equity Current liabilities necounts 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 $19,400 980 300 20,680 $17,600 840 300 18,740 8,700 29 380 3,700 27,440 600 4,000 4,600 46,596 51.196 $80,576 600 4,000 4,600 36,678 41,278 $68, 718 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $71,000 $ 64,000 Cost of goods sold 35,000 34,000 Gross margin 36,000 30,000 Selling and administrative expenses: Selling expenses 10,700 10,900 Administrative expenses 6,900 7,000 Total selling and administrative expenses 17,600 17,900 Net operating income 18,400 12,100 Interest expense 870 870 Net income before taxes 17,530 11,230 Income taxes 7,012 4,492 Net income 10,518 6,738 Dividends to common stockholders 600 600 Net income added to retained earnings 9,918 6,138 Beginning retained earnings 36,678 30,540 Ending retained earnings $46,596 $36,678 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