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 700,000 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 $27. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Yea $ 1,200 10,400 13,800 770 26,170 $ 1,230 6,900 11,200 690 20,020 10,900 45,866 56,766 $82,936 10,900 40,458 51,358 $71,378 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' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $19,200 1,030 130 20,360 $18,900 720 130 19,750 8,700 29,060 8,700 28,450 700 4,000 4,700 49, 176 53,876 700 4,000 4,700 38, 228 42,928 $82,936 $71,378 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Yea Sales $71,000 $65,000 Cost of goods sold 34,000 34,000 Gross margin 37,000 31,000 Selling and administrative expenses: Selling expenses 10,700 10,800 Administrative expenses 6,600 6,600 Total selling and administrative expenses 17,300 17,400 Net operating income 19,700 13,600 Interest expense 870 870 Net income before taxes 18,830 12,730 Income taxes 7,532 5,092 Net income 11,298 7,638 Dividends to common stockholders 350 350 Net income added to retained earnings 10,948 7,288 Beginning retained earnings 38,228 30,940 Ending retained earnings $49,176 $38, 228 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your 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