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 Can $1,100 $ 1,320 counts receivable, net 10,200 7.100 Inventory 12,200 10.600 Prepaid expenses 210 560 Total current ants 20,290 Property and equipment Land 10,500 10.500 Buildings and equipment, bet 40200 Total property and equipment 51281 Tots assets 376,176 570.868 Liabilities and stockholders' Equity Current liabilities At payable $19,500 517,700 Meerd bilities 1.050 300 Notes payable, short term Total current stabilities 20,30 Long-term liabilities Bonds payable 3.200 3.200 Total liabilities 292010 Stockholders wity Catok GOD National paid in capital Dotal paid-in capital 4.500 3.600 39.200 Metained earnings Total stockholdera equity Total liabilities and stockholderquity 13,70 800 water corporation Comparative Incontent and Reconciliation dollar in thousand 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 Gross margin 32,000 25,000 33,000 Selling and administrative expenses: Selling expenses 11,200 10,700 Administrative expenses 6,800 7,000 Total selling and administrative expenses 18,000 17, 700 Net operating income 7,000 15,300 Interest expense 820 820 Net income before taxes 6,180 14,480 Income taxes 2,472 5, 792 Net income 3,708 8, 688 Dividends to common stockholders 450 240 Net income added to retained earnings 3,258 8.448 Beginning retained earnings 39,288 30,840 Ending retained earnings $42,546 $39, 288 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.) Answer is not complete. $ 1 12 3. Working capital Current ratio Acid-test ratio 1 X 0.69