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 $26. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) $1. 120 10,200 13,200 790 25,310 $ 1.400 8.400 12,000 610 22,410 11,000 45,372 56,372 $81,682 11.000 34.056 45,056 $67.466 Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipmenti 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 $18, 600 790 $19,400 970 160 20,530 160 19,550 3.900 29,430 8.900 28,450 600 4,000 4.000 4.600 39,016 567.466 $81,682 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 74,000 $66,000 Cost of goods sold 33,000 41,000 Gross margin 41,000 25,000 Selling and administrative expenses: Selling expenses 10,800 10,500 Administrative expenses 6,500 6,900 Total selling and administrative expenses 17,300 17,400 Net operating income 23,700 7,600 Interest expense 890 890 Net income before taxes 22,810 6,710 Income taxes 9,124 2,684 Net income 13,686 4,026 Dividends to common stockholders 450 450 Net income added to retained earnings 13,236 3,576 Beginning retained earnings 34,416 30,840 Ending retained earnings $ 47, 652 $34, 416 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