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 year and $0.40 this year. The market value of the company's common stock at the end of this year was $20. 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 $ 1,240 $ 1,220 Accounts receivable, net 9,300 8,100 Inventory 12,500 11,900 Prepaid expenses 740 570 Total current assets 23,780 21,790 Property and equipment: Land 10,100 10, 100 Buildings and equipment, net 45,572 37, 146 Total property and equipment 55,672 47,246 Total assets $79,452 $69,036 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19,200 $18,300 Accrued liabilities 1,040 770 Notes payable, short term 150 Total current liabilities 20,390 19, 220 Long-term liabilities: Bonds payable 8,400 8,400 Total liabilities 28,790 27,620 Stockholders' equity: Common stock 600 600 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,600 4,600 Retained earnings 46,062 36,816 Total stockholders' equity 50,662 41,416 Total liabilities and stockholders' equity $79,452 $69,036 150 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $73,000 $64,000 Cost of goods sold 38,000 36,000 Gross margin 35,000 28,000 Selling and administrative expenses: Selling expenses 11,200 10,500 Administrative expenses 6,800 6,300 Total selling and administrative expenses 18,000 16,800 Net operating income 17,000 11,200 Interest expense 840 840 Net income before taxes 16,160 10,360 Income taxes 6,464 4,144 Net income 9,696 6,216 Dividends to common stockholders 450 240 Net income added to retained earnings 9,246 5,976 Beginning retained earnings 36,816 30,840 Ending retained earnings $46,062 $36,816 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