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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

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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 500,000 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 $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: \begin{tabular}{lrr} Current assets: & $1,190 & $1,240 \\ Cash & 9,200 & 6,600 \\ Accounts receivable, net & 13,500 & 12,500 \\ Inventory & 640 & 590 \\ \hline Prepaid expenses & 24,530 & 20,930 \\ \hline Total current assets & & \\ Property and equipment: & 9,100 & 9,100 \\ Land & 45,501 & 39,458 \\ Buildings and equipment, net & 54,601 & 48,558 \\ \hline Total property and equipment & $79,131 & $69,488 \\ \hline Total assets \end{tabular} 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 \begin{tabular}{rr} $20,500 & $19,100 \\ 1,000 & 860 \\ 190 & 190 \\ \hline 21,690 & 20,150 \end{tabular} 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.)

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