Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December $31$ appear below. The company did not issue any common stock during the year. A total of $600,000$ 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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$25.$ All of the company$$s sales are on account.

Weller Corporation

Comparative Balance Sheet

$($dollars in thousands$)$

This Year Last Year

Assets

Current assets:

Cash $ $1,250$ $ $1,220$

Accounts receivable, net $10,1007,500$

Inventory $12,00011,700$

Prepaid expenses $800590$

Total current assets $24,15021,010$

Property and equipment:

Land $10,70010,700$

Buildings and equipment, net $43,15637,808$

Total property and equipment $53,85648,508$

Total assets $ $78,006$ $ $69,518$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $19,100$ $ $18,800$

Accrued liabilities $900860$

Notes payable, short term $280280$

Total current liabilities $20,28019,940$

Long$-$term liabilities:

Bonds payable $8,7008,700$

Total liabilities $28,98028,640$

Stockholders' equity:

Common stock $600600$

Additional paid$-$in capital $4,0004,000$

Total paid$-$in capital $4,6004,600$

Retained earnings $44,42636,278$

Total stockholders' equity $49,02640,878$

Total liabilities and stockholders' equity $ $78,006$ $ $69,518$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $74,000$ $ $65,000$

Cost of goods sold $41,00038,000$

Gross margin $33,00027,000$

Selling and administrative expenses:

Selling expenses $11,30010,500$

Administrative expenses $6,5006,500$

Total selling and administrative expenses $17,80017,000$

Net operating income $15,20010,000$

Interest expense $870870$

Net income before taxes $14,3309,130$

Income taxes $5,7323,652$

Net income $8,5985,478$

Dividends to common stockholders $450240$

Net income added to retained earnings $8,1485,238$

Beginning retained earnings $36,27831,040$

Ending retained earnings $ $44,426$ $ $36,278$

Required:

Compute the following financial data and ratios for this year:

Working capital.

Note: Enter your answer in thousands.

Current ratio.

Note: Round your answer to $2$ decimal places.

Acid$-$test ratio.

Note: Round your answer to $2$ decimal places.