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 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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $23. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: $ 1,280 9,700 12,900 $ 1,290 8,100 11,000 690 Cash Accounts receivable, net Inventory Prepaid expenses 640 24,520 21,080 Total current assets Property and equipment: Land 10,100 38,485 10,100 45,150 55,250 Buildings and equipment, net Total property and equipment 48,585 $79,770 $69,665 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $20,000 $18,800 Accrued liabilities 1,070 170 730 170 Notes payable, short term Total current liabilities 21,240 19,700 Long-term liabilities: Bonds payable 8,000 29,240 8,000 27,700 Total liabilities Stockholders' equity: Common stock 500 500 Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity 4,000 4,500 46,030 50,530 4,000 4,500 37,465 41,965 $79,770 $69,665 Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $74,000 40,000 $65,000 36,000 29,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses 34,000 11,200 7,100 18,300 15,700 800 10,700 6,500 17, 20 Total selling and administrative expenses Net operating income Interest expense Net income before taxes 11,800 800 14,900 11,000 5,960 8,940 4,400 6,600 Income taxes Net income 375 375 Dividends to common stockholders Net income added to retained earnings 8,565 37,465 6,225 31,240 Beginning retained earnings $46,030 $37,465 Ending retained earnings Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter 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