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 the year was $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,120 9,100 13,100 760 24,080 $ 1,380 6,600 12,400 550 20,930 9,600 48,532 58,132 $82,212 9,600 41,626 51,226 $ 72,156 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 $19,100 1,030 270 20,400 $18,800 720 270 19,790 9,900 30,300 9,900 29,690 700 4,000 4,700 47,212 51,912 $82,212 700 4,000 4,700 37,766 42,466 $ 72,156 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $74,000 $ 66,000 Cost of goods sold 38,000 35,000 Gross margin 36,000 31,000 Selling and administrative expenses: Selling expenses 10,900 10,900 Administrative expenses 7,200 6,900 Total selling and administrative expenses 18,100 17,800 Net operating income 17,900 13, 200 Interest expense 990 990 Net income before taxes 16,910 12,210 Income taxes 6,764 4,884 Net income 10,146 7,326 Dividends to common stockholders 700 700 Net income added to retained earnings 9,446 6,626 Beginning retained earnings 37,766 31,140 Ending retained earnings $ 47,212 $37,766 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.) 1. Working capital 2. Current ratio 3. Acid-test ratio