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 the year was $25. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year S $ 1,140 $ 1,380 9,800 2,200 12,400 12,200 660670 24,000 21,450 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' Equi Current liabilities: Accounts payable Accrued liabilities Notos payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders equity: Amma 10,300 10,300 39,54236,321 49,84246,621 $ 73,842 $68,071 $20,300 $18,200 990850 1170 170 19,220 900 1,360 9,900 29,120 Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 500 4,000 4,500 37,982 42,482 $ 73,842 500 4,000 4,500 34451 38,951 $68,071 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $68,000 $66,000 Cost of goods sold 42,000 42,000 Gross margin 26,000 24,000 Selling and administrative expenses : Selling expenses 11,400 10,400 Administrative expenses 7,100 6,300 Total selling and administrative expenses 18,500 16,700 Net operating income 7,500 7,300 Interest expense 990 Net income before taxes 6.510 6,310 Income taxes 2,524 Net income 3,906 3, 786 Dividends to common stockholders 375 375 Net income added to retained earnings 3,531 3,411 Beginning retained earninga 34,451 31,040 Ending retained earnings $37,982 $34,451 2604 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter answer in thousands. 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.) 1. Working capital Current ratio 3. Acid-test ratio