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 $075 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $28. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assetsi Cash $1,170 $ 1,270 Accounts receivable, net 9,200 7,500 Inventory 13,900 12,100 Prepaid expenses 720 540 Total current assets 24,990 21,410 Property and equipment: Land 9,300 9.300 Buildings and equipment, net 41 841 38,313 Total property and equipment 51,141 47.618 Total assets 5.76,131 $ 69,028 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 20,400 $ 19,200 Accrued liabilities 990 820 Hotes payable, short term 170 170 Total current liabilities 21,560 20,190 Long-term liabilities: Bonds payable 5,200 3700 Total liabilities 30 260 28,690 Stockholders' equity: e here to search O c Last Year $ 64,000 39,000 25,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 69,000 Cost of goods sold 40,000 Gross margin 29,000 Selling and administrative expenses: Selling expenses 11,100 Administrative expenses 6,600 Total selling and administrative expenses 17,700 Net operating income 11,300 Interest expense 870 Net income before taxes 10,430 Income taxes 4,172 Net income 6,258 Dividends to common stockholders 525 Net income added to retained earnings 5,733 Beginning retained earnings 135,438 Ending retained earnings $ 41,171 10,200 6,300 16,500 8,500 870 7,630 3,952 4,578 280 4, 298 31,140 $ 35, 438 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.) re ra ces 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