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 $700,000$ 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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$27.$ 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 $ $1,110$ $ $1,230$

Accounts receivable, net $10,5007,900$

Inventory $13,30011,800$

Prepaid expenses $710690$

Total current assets $25,62021,620$

Property and equipment:

Land $9,9009,900$

Buildings and equipment, net $37,85937,872$

Total property and equipment $47,75947,772$

Total assets $ $73,379$ $ $69,392$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $18,700$ $ $19,400$

Accrued liabilities $1,080890$

Notes payable, short term $260260$

Total current liabilities $20,04020,550$

Long$-$term liabilities:

Bonds payable $8,3008,300$

Total liabilities $28,34028,850$

Stockholders' equity:

Common stock $700700$

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

Total paid$-$in capital $4,7004,700$

Retained earnings $40,33935,842$

Total stockholders' equity $45,03940,542$

Total liabilities and stockholders' equity $ $73,379$ $ $69,392$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $67,000$ $ $65,000$

Cost of goods sold $40,00040,000$

Gross margin $27,00025,000$

Selling and administrative expenses:

Selling expenses $11,20010,100$

Administrative expenses $6,6006,100$

Total selling and administrative expenses $17,80016,200$

Net operating income $9,2008,800$

Interest expense $830830$

Net income before taxes $8,3707,970$

Income taxes $3,3483,188$

Net income $5,0224,782$

Dividends to common stockholders $525280$

Net income added to retained earnings $4,4974,502$

Beginning retained earnings $35,84231,340$

Ending retained earnings $ $40,339$ $ $35,842$

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.