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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 500,000 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 $29. All of the company's sales are on account. 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.) Accounts payable Accrued Uabilities 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 \begin{tabular}{rr} $19,100 & $18,000 \\ 960 & 860 \\ 200 & 200 \\ \hline 20,260 & 19,060 \end{tabular} \begin{tabular}{rr} 8,800 & 8,800 \\ \hline 29,060 & 27,868 \\ \hline \end{tabular} \begin{tabular}{rr} 500 & 500 \\ 4,000 & 4,000 \\ \hline 4,500 & 4,500 \\ 45,449 & 38,072 \\ \hline 49,949 & 42,572 \\ \hline$79,009 & $70,432 \\ \hline \end{tabular} Wetler Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net inrnme \begin{tabular}{rr} This Year & Last Year \\ $69,000 & $64,000 \\ 37,000 & 35,000 \\ \hline 32,000 & 29,000 \\ \hline 11,000 & 10,000 \\ 7,200 & 6,900 \\ \hline 18,200 & 16,900 \\ \hline 13,800 & 12,100 \\ 880 & 880 \\ \hline 12,920 & 11,220 \\ 5,168 & 4,488 \\ \hline 7757 & 6727 \end{tabular}

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