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 the year was $25. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,210 9,300 12,100 780 23,390 $ 1,270 6,900 11,400 570 20, 140 10,900 49,910 60,810 $84,200 10,900 39,060 49,960 $70,100 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 $19,700 1,090 250 21,040 $17,600 820 250 18,670 8,500 29,540 8,500 27,170 600 4,000 4,600 50,060 54,660 $84,200 600 4,000 4,600 38,330 42,930 $70,100 Last Year $66,000 36,000 30,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $76,000 Cost of goods sold 38,000 Gross margin 38,000 Selling and administrative expenses : Selling expenses 10,600 Administrative expenses 6,500 Total selling and administrative expenses 17,100 Net operating income 20,900 Interest expense 850 Net income before taxes 20,050 Income taxes 8,020 Net income 12,030 Dividends to common stockholders 300 Net income added to retained earnings 11,730 Beginning retained earnings 38,330 Ending retained earnings $50,060 10,400 6,100 16,500 13,500 850 12,650 5,060 7,590 300 7,290 31,040 $38,330 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