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 $26. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,270 9,000 13,500 720 24,490 $ 1,280 7,100 11,500 560 20,440 9,400 38,160 47,560 $72,050 9,400 35, 340 44,740 $65, 180 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 $18,900 1,020 200 20, 120 $17,900 850 200 18,950 8,500 28,620 8,500 27,450 600 4,000 4,600 38,830 43, 430 $72,050 600 4,000 4,600 33, 130 37,730 $65, 180 Last Year $64,000 42,000 22,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $68,000 Cost of goods sold 39,000 Gross margin 29,000 Selling and administrative expenses: Selling expenses 11,000 Administrative expenses 6,900 Total selling and administrative expenses 17,900 Net operating income 11,100 Interest expense 850 Net income before taxes 10,250 Income taxes 4,100 Net income 6,150 Dividends to common stockholders 450 Net income added to retained earnings 5,700 Beginning retained earnings 33, 130 Ending retained earnings $38,830 10,700 6,900 17,600 4,400 850 3,550 1,420 2,130 240 1,890 31, 240 $33, 130 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