Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December $31$ appear below. The company did not issue any 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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$26.$ All of the company$$s sales are on account.

Weller Corporation

Comparative Balance Sheet

$($dollars in thousands$)$

This Year Last Year

Assets

Current assets:

Cash $ $1,210$ $ $1,280$

Accounts receivable, net $10,3006,600$

Inventory $13,10010,900$

Prepaid expenses $780630$

Total current assets $25,39019,410$

Property and equipment:

Land $9,8009,800$

Buildings and equipment, net $44,37142,288$

Total property and equipment $54,17152,088$

Total assets $ $79,561$ $ $71,498$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $18,600$ $ $19,100$

Accrued liabilities $980850$

Notes payable, short term $180180$

Total current liabilities $19,76020,130$

Long$-$term liabilities:

Bonds payable $9,2009,200$

Total liabilities $28,96029,330$

Stockholders' equity:

Common stock $500500$

Additional paid$-$in capital $4,0004,000$

Total paid$-$in capital $4,5004,500$

Retained earnings $46,10137,668$

Total stockholders' equity $50,60142,168$

Total liabilities and stockholders' equity $ $79,561$ $ $71,498$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $71,000$ $ $65,000$

Cost of goods sold $37,00035,000$

Gross margin $34,00030,000$

Selling and administrative expenses:

Selling expenses $11,10011,000$

Administrative expenses $7,3006,700$

Total selling and administrative expenses $18,40017,700$

Net operating income $15,60012,300$

Interest expense $920920$

Net income before taxes $14,68011,380$

Income taxes $5,8724,552$

Net income $8,8086,828$

Dividends to common stockholders $375200$

Net income added to retained earnings $8,4336,628$

Beginning retained earnings $37,66831,040$

Ending retained earnings $ $46,101$ $ $37,668$

Required:

Compute the following financial data and ratios for this year:

Working capital.

Note: Enter your answer in thousands.

Current ratio.

Note: Round your answer to $2$ decimal places.

Acid$-$test ratio.

Note: Round your answer to $2$ decimal places.