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 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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $26. 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 $ 1,320 7,000 12,300 $1,180 10,400 12,800 Accounts receivable, net Inventory Prepaid expenses Total current assets 720 530 25,100 21,150 Property and equipment: Land 11,000 45,366 56,366 11,000 38,958 Buildings and equipment, net Total property and equipment 49,958 $81,466 $71,108 Total assets Liabilities and Stockholders Equity Current liabilities: $19,200 1,020 Accounts payable Accrued liabilities $19,300 780 170 170 Notes payable, short term Total current liabilities 20,390 20,250 Long-term 1iabilities: Bonds payable Total liabilities Stockholders' equity: 8,700 28,950 8,700 29,090 600 600 Common stock 4,000 4,600 37,558 42,158 $71,108 4,000 4,600 47,776 52,376 Additional paid-in capital Total paid-in capital Retained earnings Total stockholders equity $81,466 Total liabilities and .stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $71,000 $65,000 36,000 29,000 Cost of goods sold Gross margin Selling and administrat ive expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes 35,000 36,000 10,500 7,100 17,600 18,400 10,700 6,400 17,100 11,900 870 870 17,530 7,012 10,518 11,030 Income taxes 4,412 Net income 6,618 Dividends to common stockhol ders 300 300 Net income added to retained earnings 10,218 6,318 31,240 Beginning retained earnings 37,558 Ending retained earnings $47,776 $37,558 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 2. Current ratio 3. Acid-test ratio