Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $1.00 last year and $0.65 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 Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $ 1,240 9,100 12,800 800 $ 1,230 6,900 11,600 500 Total current assets 23,940 20,230 Property and equipment: Land Buildings and equipment, net 11,000 45,901 11,000 36,678 Total property and equipment 56,901 47,678 Total assets $80,841 $67,908 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $17,700 $19,900 950 250 730 250 21,100 18,680 Total current liabilities Long-term liabilities: Bonds payable 9,200 9,200 Total liabilities 30,300 27,880 Stockholders' equity: Common stock Additional paid-in capital 700 4,000 700 4,000 Total paid-in capital Retained earnings 4,700 45,841 4,700 35,328 Total stockholders' equity 50,541 40,028 Total liabilities and stockholders' equity $80,841 $67,908 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 71,000 $65,000 Cost of goods sold 34,000 40,000 Gross margin 37,000 25,000 Selling and administrative expenses: Selling expenses Administrative expenses 10,900 6,900 10,000 6,600 Total selling and administrative expenses 17,800 16,600 Net operating income Interest expense 19,200 920 8,400 920 Net income before taxes Income taxes 18,280 7,312 7,480 2,992 Net income Dividends to common stockholders 10,968 455 4,488 700 Net income added to retained earnings Beginning retained earnings 10,513 35,328 3,788 31,540 Ending retained earnings $ 45,841 $ 35,328 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands) Working capital 2. Current ratio. (Round your answer to 2 decimal places.) Current ratio 3. Acid-test ratio. (Round your answer to 2 decimal places.) Acid-test ratio