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 $21. All of the company's sales are on account. Weller Corporation Comparative Balance sheet (dollars in thousands) This Year Last Year $ 1,130 9,700 13,700 650 50 25,180 $ 1,290 6,700 12,200 690 20,880 10,000 41,008 51,008 $76,188 10,000 35,674 45,674 $66,554 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 $17,600 800 $18,700 1,000 180 19,880 180 18,580 8,100 27,980 8,100 26,680 600 4,000 4,600 43,608 48,208 $76,188 600 4,000 4,600 35,274 39,874 $66,554 Last Year $64,000 39,000 25,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $67,000 Cost of goods sold 34,000 Gross margin 33,000 Selling and administrative expenses: Selling expenses 10,700 Administrative expenses 7,100 Total selling and administrative expenses 17,800 Net operating income 15, 200 Interest expense 810 Net income before taxes 14,390 Income taxes 5,756 Net income 8,634 Dividends to common stockholders 300 Net income added to retained earnings 8,334 Beginning retained earnings 35,274 Ending retained earnings $43,608 10,100 6,200 16,300 8,700 810 7,890 3,156 4,734 300 4,434 30,840 $35,274 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter 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