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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

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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 $29. All of the company's sales Long-terfi 11abilities: Bonds payable Total liabilities \begin{tabular}{rr} 8,800 & 8,890 \\ \hline 29,250 & 28,990 \\ \hline \end{tabular} Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital \begin{tabular}{rr} 600 & 600 \\ 4,000 & 4,009 \\ \hline 4,600 & 4,600 \end{tabular} Retained earnings Total stockholders' equity Total liabilities and stockholders" equity Weller Corporation Comparative Income Statement and Reconciliation (dollaris in thousands) Sales Cost of goods sold Gross margin Seling and administrative expenses: Solling expenses Adeinistrative expenses Total selling and administrative expenses Net operating income Interest expense Net ancone before taxes Income taxes Net income Dividends to commen stockholders \begin{tabular}{rr} This Year Last Year \\ $69,000 & $64,000 \\ 40,000 & 33,000 \\ \hline 29,000 & 31,000 \\ \hline 11,000 & 10,600 \\ 7,000 & 6,20 \\ \hline 18,000 & 16,800 \\ \hline 11,000 & 14,200 \\ 880 & 880 \\ \hline 10,120 & 13,320 \\ 4,048 & 5,328 \\ \hline 6,072 & 7,992 \\ 450 & 240 \end{tabular} 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.)

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