Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $1.00 last year and $0.65 this year. The market value of the companys common stock at the end of the year was $22. All of the companys sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,240 $ 1,260 Accounts receivable, net 9,800 6,500 Inventory 13,600 12,000 Prepaid expenses 780 610 Total current assets 25,420 20,370 Property and equipment: Land 10,000 10,000 Buildings and equipment, net 40,956 39,608 Total property and equipment 50,956 49,608 Total assets $ 76,376 $ 69,978 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 18,800 $ 18,100 Accrued liabilities 910 780 Notes payable, short term 220 220 Total current liabilities 19,930 19,100 Long-term liabilities: Bonds payable 9,700 9,700 Total liabilities 29,630 28,800 Stockholders' equity: Common stock 600 600 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,600 4,600 Retained earnings 42,146 36,578 Total stockholders' equity 46,746 41,178 Total liabilities and stockholders' equity $ 76,376 $ 69,978 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 72,000 $ 64,000 Cost of goods sold 43,000 37,000 Gross margin 29,000 27,000 Selling and administrative expenses: Selling expenses 11,500 10,300 Administrative expenses 6,600 6,000 Total selling and administrative expenses 18,100 16,300 Net operating income 10,900 10,700 Interest expense 970 970 Net income before taxes 9,930 9,730 Income taxes 3,972 3,892 Net income 5,958 5,838 Dividends to common stockholders 390 600 Net income added to retained earnings 5,568 5,238 Beginning retained earnings 36,578 31,340 Ending retained earnings $ 42,146 $ 36,578 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.)