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 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 S0.40 this year. The market value of the company's common stock at the end of the year was $27. All of the company's sales are on account Weller Corporatio Conpar ative Balanice Sheet dollars in thousands) This Year Last Year Assets Current assets: $1,240 Cash Accounts receivable, net Inventory Prepaid expenses 1,120 10, 800 13, 600 26, 230 20.990 Total current asscts Property and equipment 9, 200 16, 782 55, 982 $B2, 212 9, 200 43, 096 Land Buildings and equipent, net Total property and equiet Total assets Liabilities and Stockholders' Equity Current liabilities 73, 286 18, 800 $19, 800 930 Account s parable Accrued 1 abilities Natcs prable, ahort tern Total current liabilities Long-term liabilities 20. 920 19, 800 Bamds parable Total liabilities Stockholdera' equity 600 4, 000 4, 600 30. 906 Carnon stock Additional paid-in capita.l Total paid-in capital Retained eamings rotal stockholders equity Total liabilities and stoctholders equity 46, 792 $82, 212 73, 286 Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales Cost of goods sold Gross margin Selling and administrative expenses $71, 000 38, 000 33, 000 $66, 000 34, 000 32, 000 10, 800 6, 300 17, 100 Selling expenses Administrative expenses Total selling and administrative expenses 18, 000 15, 000 et operating ince Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net inccome added to retained eamings Beginning retained eamings Ending retained earning:s 13, 910 14, 010 5, 604 8, 406 7, 806 38, 986 $46, 792 7, 746 1,240 $38, 986 Required Compute the following financial data and ratios for this year: 1. Working capital 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.)