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 $24. All of the company's sales are on account. 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 Weller Corporation Comparative Balance Sheet (dollars in thousands) 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 This Year Last Year $ 1,090 9,400 12,300 $ 1,390 6,800 12,400 780 510 23,570 21,100 10,800 10,800 47,610 42,300 58,410 53,100 $ 81,980 $ 74,200 $ 19,200 $ 19,300 930 820 240 20,370 240 20,360 9,000 29,370 9,000 29,360 600 600 4,000 4,000 4,600 4,600 48,010 40,240 52,610 44,840 $ 81,980 $ 74,200 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 71,000 Last Year $ 66,000 Cost of goods sold 39,000 32,000 Gross margin 32,000 34,000 Selling and administrative expenses: Selling expenses 10,700 10,800 Administrative expenses 6,700 6,400 Total selling and administrative expenses 17,400 17,200 Net operating income 14,600 16,800 Interest expense 900 900 Net income before taxes 13,700 15,900 Income taxes 5,480 6,360 Net income 8,220 9,540 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 450 7,770 40,240 240 9,300 30,940 $ 48,010 $ 40,240 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