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 this year was $23. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year 5.1,130 10,500 13,000 660 25,290 $ 1,340 6,700 10.800 610 19,450 9,900 44,105 56,005 $79.295 9.900 42,050 51,950 $71,400 Assets Current assetar Cash Nccounts 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 payablo Accrued abilities Notes payable, short term Total current liabilities Long-term liabilities: Donde payable Total liabilities Stockholders' equity Common stock Additional paid in capital Total paid.in capital Retained earnings Total stockholders' equity Total abilities and stockholdere quity $19,600 940 240 20.780 $18.400 900 240 19.440 0.000 28,780 8,000 27,440 700 4.000 4.700 45015 50.525 $79,295 700 6.000 4,700 39,260 43,960 $71,400 Weller Corporation Comparative Income Statement and Reconciliation Idollars in thousands) This Year Last Year Sales $66,000 $65,000 Cost of goods sold 36,000 33,000 Gross margin 30,000 32,000 Selling and administrative expenses : Selling expenses 10,800 10,200 Administrative expenses 6,600 6,000 Total selling and administrative expenses 17,400 16,200 Net operating income 12,600 15,800 Interest expense 800 800 Net income before taxes 11,800 15,000 Income taxes 4,720 6,000 Net income 7,080 9,000 Dividends to common stockholders 525 280 Net income added to retained earnings 6,555 8.720 Beginning retained earnings 39,260 30,540 Ending retained earnings $45,815 $39,260 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