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 $20. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands ) This Year Last Year $ 1,110 $ 1,220 9, 2006 ,500 13,700 11,500 790 530 24,800 19,750 10,300 41,816 52,116 $76,916 10,300 40,028 50,328 $70,078 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 $19,200 1,010 290 20,500 $19,400 870 290 20,560 8,200 28,700 8, 200 28,760 700 4,000 4,700 43,516 48,216 $76,916 700 4,000 4,700 36,618 41,318 $ 70,078 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $72,000 $66,000 Cost of goods sold 41,000 38,000 Gross margin 31,000 28,000 Selling and administrative expenses: Selling expenses 11,200 11,000 Administrative expenses 6,900 6,800 Total selling and administrative expenses 18,100 17,800 Net operating income 12,900 10,200 Interest expense 820 820 Net income before taxes 12,080 9,380 Income taxes 4,832 3,752 Net income 7,248 5,628 Dividends to common stockholders 350 350 Net income added to retained earnings 6,898 5,278 Beginning retained earnings 36,618 31, 340 Ending retained earnings $43,516 $36,618 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter 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