Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 600.000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $1.00 last year and $0 65 this year. The market value of the company's common stock at the end of the year was $29. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (doliars in thousands) This Year Last Year Assets Current assets Cash $ 1,160 $ 1,350 Accounts receivable, net 9,000 7.200 Inventory 13,500 11,700 Prepaid expenses 660 580 24,320 20 830 Total current assets Property and equipment Land Buildings and equipment, net Total property and equipment 10,300 10,300 39,202 38.486 49,502 48,786 $73,822 $69,616 Total assets $18,700 920 100 $17.900 730 100 Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued Cablities Notes payable, short term Total current liabetes Long-term liabilities Bonds payable Total labbies 19,720 8.900 28.620 18,730 8.900 27.630 600 4,000 Stockholders equity Common stock Additional and in capital Total paid in capital Retained earnings Total stockholders equity Total liabilities and stockholders' equity 600 4,000 4,600 40802 45,202 $73.822 4600 37 388 41.986 560 616 Weller Corporation Comparative Income Statement and Reconciliation dolls in thousands) This Yew Last Year Sais 567 000 $65 000 Cost of goods sold 42.000 36.000 Grossmag 25.000 29.000 Selling and an expenses Seing expenses 10,000 11000 Adve expenses 7.200 3.200 Tongandantive cases 10.100 17 200 tog income 66,000 11 300 390 890 Noticone before 5.010 10910 2000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $67,000 $65,000 Cost of goods sold 42.000 36,000 Gross margin 25,000 29,000 Seling and administrative expenses Selling expenses 10.900 11,000 Administrative expenses 7,200 6.200 Total selling and administrative expenses 18,100 17200 Net operating income 6,900 11,800 Interest expense 890 890 Net income before taxes Income taxes 6,010 2404 10.910 4,364 3 606 390 6,546 600 Net income Dividends to common stockholders Net income added to retained eamings Beginning retained earings Ending retained earnings 3,216 37 386 5,946 31 440 $40,602 $37,386 Required: Compute the following financial data and ratios for this year Working capital (Enter your answer in thousands) Working capitis 2 Current ratio (Round your answer to 2 decimal places) Contato Ad est Round your answer to 2 decimal places)