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 companys common stock at the end of this year was $21. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,200	$ 1,270
Accounts receivable, net	10,200	8,200
Inventory	13,700	12,400
Prepaid expenses	730	560
Total current assets	25,830	22,430
Property and equipment:
Land	10,900	10,900
Buildings and equipment, net	41,582	38,436
Total property and equipment	52,482	49,336
Total assets	$ 78,312	$ 71,766
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,500	$ 18,900
Accrued liabilities	980	750
Notes payable, short term	110	110
Total current liabilities	21,590	19,760
Long-term liabilities:
Bonds payable	8,900	8,900
Total liabilities	30,490	28,660
Stockholders' equity:
Common stock	600	600
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,600	4,600
Retained earnings	43,222	38,506
Total stockholders' equity	47,822	43,106
Total liabilities and stockholders' equity	$ 78,312	$ 71,766

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 67,000	$ 66,000
Cost of goods sold	40,000	36,000
Gross margin	27,000	30,000
Selling and administrative expenses:
Selling expenses	10,600	10,300
Administrative expenses	6,900	6,300
Total selling and administrative expenses	17,500	16,600
Net operating income	9,500	13,400
Interest expense	890	890
Net income before taxes	8,610	12,510
Income taxes	3,444	5,004
Net income	5,166	7,506
Dividends to common stockholders	450	240
Net income added to retained earnings	4,716	7,266
Beginning retained earnings	38,506	31,240
Ending retained earnings	$ 43,222	$ 38,506

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.)

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.)