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 500,000 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 $21. All of the company's sales are on account This Year Last Year $ 1.090 10.100 13,800 770 25,760 $ 1,270 8.300 10,700 650 20, 920 10,200 45,465 55,665 $ 81,425 10,200 39,200 49400 $ 70,400 Weller Corporation Comparative Balance Sheet (dollar in thousands) Assets Current sett Cash Accountanceivable et Inventory Prepaid expenses Total current at Property and equipment Tand building and equipadnite Total property and equipment Totalt Liabilities and Stockholders Equity Current sitesi Accounta payable Recrued liabilities Notes payable short tern Total current liabilities Long-ters Liabilities hands payable Total abilities stockholders equity! common stock Additional paid-in capital Total paid.in capital Retained earnings pot alustockholders equity $ 19,000 920 240 20,260 $ 18,000 750 240 18,990 3.500 20,660 3,500 27,490 500 4.000 4,500 40.265 52.265 $81,425 500 3.000 4,500 38.410 42,910 10,400 Total stockholders' equity Total liabilities and stockholders' equity 48,265 52,765 $ 81,425 38,410 42,910 $ 70, 400 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 74,000 $ 65,000 Cost of goods sold 38,000 33,000 Gross margin 36,000 32,000 Selling and administrative expenses : Selling expenses 11,400 11,000 Administrative expenses 6,700 6,700 Total selling and administrative expenses 18,100 17,700 Net operating income 17,900 14,300 Interest expense 850 850 Net income before taxes 17,050 13,450 Income taxes 6,820 5,380 Net income 10,230 8,070 375 200 Dividends to common stockholders 9,855 7,870 Net income added to retained earnings 38, 410 30,540 Beginning retained earnings $ 48,265 $ 38, 410 Ending retained earnings 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 Prev 3 of 4