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 $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,180 10,400 12,200 780 24,560 $ 1,230 6,800 12, 100 700 20,830 11,000 41,666 52,666 $77,226 11,000 35,913 46,913 $67,743 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 ansata Liabilities and Stockholders Iquity Current liabilities Accounts payable Accrued liabilitien Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities stockholders' equity! Common stock Additional pald-in capital Total paid-in capital Retained earnings Total stockholders' equity Total Inbilities and stockholdere equity $19,700 980 140 20,820 $17,900 890 140 18,930 9.200 30, SRO 9,700 28,630 700 4,000 4.700 42.006 700 4,000 4,700 34,413 39,113 $67,743 977,226 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $67,000 $65,000 Cost of goods sold 34,000 40,000 Gross margin 33,000 25,000 Selling and administrative expenses : Selling expenses 11,300 11,000 Administrative expenses 7,200 6,200 Total selling and administrative expenses 18,500 17,200 Net operating income 14,500 7,800 Interest expense 970 970 Net income before taxes 13,530 6,830 Income taxes 5, 412 2,732 Net income 8,118 4,098 Dividends to common stockholders 525 525 Net income added to retained earnings 7,593 3,573 Beginning retained earnings 34,413 30,840 Ending retained earnings $42,006 $34,413 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.) 5 1. Working capital 2. Current ratio 3. Acid-test ratio