Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $1.00 last year and $0.65 this year. The market value of the companys common stock at the end of the year was $29. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,170 9,000 12,700 730 $ 1,250 7,700 10,900 650 23,600 20,500 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 9,200 47,174 56,374 9,200 42,702 51,902 $ 79,974 $ 72,402 $19,200 940 180 $19,300 810 180 20,320 20,290 8,800 8,800 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 29,120 29,090 600 4,000 600 4,000 4,600 46,254 4,600 38,712 50,854 43,312 $ 79,974 $ 72,402 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $75,000 $64,000 Cost of goods sold 43,000 33,000 Gross margin 32,000 31,000 Selling and administrative expenses: Selling expenses 11,500 10,500 Administrative expenses 6,400 6,500 Total selling and administrative expenses 17,900 17,000 Net operating income 14,100 14,000 Interest expense 880 880 Net income before taxes 13,220 13,120 Income taxes 5,288 5,248 Net income 7,932 7,872 Dividends to common stockholders 390 600 Net income added to retained earnings 7,542 7,272 Beginning retained earnings 38,712 31,440 Ending retained earnings $46,254 $38,712 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands) Working capital 2. Current ratio. (Round your answer to 2 decimal places.) Current ratio 3. Acid-test ratio. (Round your answer to 2 decimal places.) Acid-test ratio