Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear belo The company did not issue any new common stock during the year. A total of 600,000 shares of common stock were outstanding. 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 l year and $0.40 this year. The market value of the company's common stock at the end of the year was $27. All of the company's sa are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,090 9,200 13,100 780 24,170 $ 1,320 7,400 12,100 590 21,410 10,300 43,288 53,588 $77,758 10,300 37,064 47,364 $68,774 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 $18,800 910 200 19,910 $18,800 830 200 19,830 8,600 28,510 8,600 28,430 600 4,000 4,600 44,648 49,248 $77,758 600 4,000 4,600 35,744 40,344 $68,774 Last Year $66,000 40,000 26,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $74,000 Cost of goods sold 39,000 Gross margin 35,000 Selling and administrative expenses: Selling expenses 11,500 Administrative expenses 6,800 Total selling and administrative expenses 18,300 Net operating income 16,700 Interest expense 860 Net income before taxes 15,840 Income taxes 6,336 Net income 9,504 Dividends to common stockholders 600 Net income added to retained earnings 8,904 Beginning retained earnings 35,744 Ending retained earnings $44,648 10,500 6,300 16,800 9,200 860 8,340 3,336 5,004 600 4,404 31,340 $35, 744 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