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 800,000 shares of common stock were outstanding The interest rate on the bond payable was 12%, 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 $18. All of the company's Weller Corporation Comparative Balance Sheet (dollars in thousands) this Year Laat Year Current assets 1.280 1.560 Aecounts roceivable, net Inventory 12, 300 9.100 9, 700 Total eur rent as#ota Property and equipment: Buildings and equipment,not Total pzoperty and equipeent Total assets Liabilities and Stookholders Equity 6, 000 19,200000 50.280 45,960 Weller Corporation Comparative Balance Sheet dollars in thousands) This Year Last Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses 1,280 1,560 9,100 8,200 12,300 9,700 18002,100 25,080 20,960 Total current assets Property and equipment: 6,000 19,200 19,000 25,200 25,000 650,280 $45,960 Land 6,000 Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity urrent liabilities: Accounts payable Accrued liabilities Notes payable, short term 9,500 8,300 700 300 10,400 9,300 600 300 Total current liabilities Long-term liabilities: 5,000 15,40014,300 Bonds payable 5,000 Total liabilities Stockholders' equity: 800 4,200 5,0005,000 29,880 26, 660 31,660 Common stock 800 4, 200 Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders equity 34,880 650,280 45,960 Weller Corporation Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales Cost of goods sold Gross margin Selling and administrative expenses: $79,000 $74,000 52,000 48,000 27,000 26,000 Selling expenses 8,000 12,000 11,000 8,500 Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 20,500 19,000 7,000 600 6, 400 2,560 3,840 600 3,240 26, 660 23,420 $29, B80 $26, 660 6,500 600 5,900 2,360 3,540 320 3, 220 Required Compute the following financial data and ratios for this year 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 2. Current ratio 3. Acid-test ratic