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 company's common stock at the end of this year was $27. All of the company's sales are an account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts receivable, net $ 1,200 10,500 $ 1,400 7,600 This Year Last Year $ 1,200 10,500 12,400 760 24,860 $ 1,400 7,600 10,700 580 20, 280 10,000 48,826 58,826 $83,686 10,000 43,888 53,888 $74,168 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 $19,600 930 120 20,650 $19,000 760 120 19,880 9,200 29,850 9,200 29,080 600 4,000 4,600 49,236 53,836 $83,686 600 4,000 4,600 48, 488 45,088 $74,168 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $73,000 $66,000 Cost of goods sold 38,000 32,000 Gross margin 35,000 34,000 Selling and administrative expenses: Selling expenses 11,400 10,500 Administrative expenses 7,100 6,500 Total selling and administrative expenses 18,500 17,000 Net operating income 16,500 17,000 Interest expense 920 920 Net income before taxes 15,580 16,080 Income taxes 6,232 6,432 Net income 9,348 9,648 Dividends to common stockholders 600 600 Net income added to retained earnings 8,748 9,048 Beginning retained earnings 40,488 31,440 Ending retained earnings $49,236 $40,488 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.)