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 this year was $20. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,250 9,600 13,800 690 25,340 $ 1,350 7,200 11,400 550 20,500 9,400 49,907 59,307 $84,647 9,400 40,016 49,416 $69,916 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 $19,600 990 190 20,780 $18, 100 800 190 19,090 8,900 29,680 8,900 27,990 700 4,000 4,700 50,267 54,967 $84,647 700 4,000 4,700 37,226 41,926 $69,916 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $76,000 $65,000 Cost of goods sold 35,000 37,000 Gross margin 41,000 28,000 Selling and administrative expenses: Selling expenses 10,700 10,000 Administrative expenses 6,800 7,000 Total selling and administrative expenses 17,500 17,000 Net operating income 23,500 11,000 Interest expense 890 890 Net income before taxes 22,610 10,110 Income taxes 9,044 4,044 Net income 13,566 6,066 Dividends to common stockholders 525 280 Net income added to retained earnings 13, 041 5,786 Beginning retained earnings 37,226 31,440 Ending retained earnings $50,267 $37,226 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