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 the year was $20. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,180 10,100 12,700 710 24,690 $ 1,340 7,800 11,400 580 21,120 9,100 41,570 50, 670 $75,360 9,100 39,040 48,140 $69,260 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-terr iabilities: 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 $20,500 930 150 21,580 $19,400 720 150 20,270 8,500 30,080 8,500 28,770 700 4,000 4,700 40,580 45,280 $ 75,360 700 4,000 4,700 35,790 40, 490 $69,260 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $67,000 $66,000 Cost of goods sold 39,000 38,000 Gross margin 28,000 28,000 Selling and administrative expenses : Selling expenses 11,400 10,900 Administrative expenses 6,600 6,500 Total selling and administrative expenses 18,000 17,400 Net operating income 10,000 10,600 Interest expense 850 850 Net income before taxes 9, 150 9,750 Income taxes 3,660 3,900 Net income 5,850 Dividends to common stockholders 700 700 Net income added to retained earnings 5,150 Beginning retained earnings 35,790 30, 640 Ending retained earnings $ 40, 580 $35,790 5,490 4,790 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