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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 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 $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: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets \begin{tabular}{rr} $1,110 & $1,360 \\ 9,800 & 7,800 \\ 13,700 & 11,900 \\ 680 & 680 \\ \hline 25,290 & 21,740 \\ \hline \end{tabular} Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets \begin{tabular}{rr} 10,100 & 10,100 \\ 42,173 & 36,564 \\ \hline 52,273 & 46,664 \\ \hline$77,563 & $68,404 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities \begin{tabular}{rr} $18,700 & $19,400 \\ 990 & 830 \\ 210 & 210 \\ \hline 19,900 & 20,440 \end{tabular} 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 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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