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 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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,140 10,100 12,600 770 24,610 $ 1,390 7,800 11,700 670 21,560 9,400 9,400 47,589 40,862 56,989 50, 262 $ 81,599 $ 71,822 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 19,700 940 100 20,740 $ 18,500 730 100 19,330 8,800 29,540 8,800 28,130 700 700 4,000 4,000 4,700 4,700 47,359 38,992 52,059 43,692 $ 81,599 $ 71,822 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands ) This Year Last Year Sales $ 69,000 $ 66,000 Cost of goods sold 36,000 34,000 Gross margin 33,000 32,000 Selling and administrative expenses: Selling expenses 10,800 10,600 Administrative expenses 6,500 6,800 Total selling and administrative expenses 17,300 17,400 Net operating income 15,700 14,600 Interest expense 88@ 880 Net income before taxes 14,820 13,720 Income taxes 5,928 5,488 Net income 8,892 8,232 Dividends to common stockholders 525 280 Net income added to retained earnings 8, 367 7,952 Beginning retained earnings 38,992 31,040 Ending retained earnings $ 47,359 $ 38,992 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