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 500,000 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 yearThe market value of the company's common stock at the end of this year was $25. All of the company's sales are on account

Compute the following financial data and ratios for this year:

1. Working Capital

2. Current Ratio

3. Acid-Test Ratio

Weller Corporation 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.) Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets This Year Last Year 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-tern 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 \begin{tabular}{rr} $1,180 & $1,380 \\ 9,400 & 8,000 \\ 13,300 & 11,500 \\ 620 & 610 \\ \hline 24,500 & 21,490 \\ \hline 10,300 & 10,300 \\ 44,235 & 41,480 \\ \hline 54,535 & 51,780 \\ \hline$79,035 & $73,270 \\ \hline \end{tabular} \begin{tabular}{rr} $18,800 & $18,990 \\ 1,100 & 830 \\ 210 & 210 \\ \hline 20,110 & 19,940 \end{tabular} \begin{tabular}{rr} 8,500 & 8,500 \\ \hline 28,610 & 28,440 \\ \hline 500 & 500 \\ 4,000 & 4,000 \\ \hline 4,500 & 4,500 \\ 45,925 & 40,330 \\ \hline 50,425 & 44,830 \\ \hline$79,035 & $73,270 \\ \hline \end{tabular} Weller Corporation