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\mathrm{.}75$ last

year and $$0\mathrm{.}40$ this year. The market value of the company's common stock at the end of this year was $$30.$ All of the company's sales

are on account.

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

Sales

Cost of goods sold

Gross margin

Selling and administrative expenses:

Selling expenses

Administrative expenses

Total selling and administrative expenses

Net operating income

Interest expense

Net income before taxes

Income taxes

Net income

Dividends to common stockholders

Net income added to retained earnings

Beginning retained earnings

Ending retained earnings

Requlred:

Compute the following financial data and ratios for this year:

Working capital. $($Enter your onswer In thousands.$)$

$2$ Current ratio. $($Round your answer to $2$ declmal places.$)$

Acid$-$test ratio. $($Round your onswer to $2$ decimal ploces.$)$