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 $28. All of the companys sales are on account.

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 company's common stock at the end of the year was $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,210 $1,220 Accounts receivable, net 9,000 7.000 Inventory 13.000 12.100 Prepaid expenses 770 700 Total current assets 23,980 21.020 Property and equipment Land Buildings and equipment, net Total property and equipment 10,800 42,520 10.800 40,340 53,320 51,140 Total assets $77.300 $ 72,160 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $19,300 910 180 $ 18,600 850 180 20,390 19,630 Total current liabilities Long-term liabilities: Bonds payable 9,500 9,500 Total liabilities 29,890 29, 130 Stockholders' equity: Common stock Additional paid-in capital 600 4,000 600 4,000 Total paid-in capital Retained earnings 4,600 42,810 4,600 38,430 Total stockholders' equity 47,410 43.030 Total liabilities and stockholders' equity $77,300 $ 72,160 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $68,000 $ 65,000 Cost of goods sold 41,000 33.000 Gross margin 27.000 32,000 Selling and administrative expenses: Selling expenses 10.900 10.600 Administrative expenses 7,200 6,800 Total selling and administrative expenses 18,100 17,400 Net operating income 8.900 14,600 Interest expense 950 950 Net income before taxes Income taxes 7.950 3,180 13,650 5,460 4.770 390 8,190 600 Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 4,380 38,430 7,590 30,840 $42.810 $ 38,430 Required: Compute the following financial data and ratios for this year: 1. Working capital. (Enter your answer in thousands) Working capital 2. Current ratio. (Round your answer to 2 decimal places.) Current ratio 3. Acid-test ratio. (Round your answer to 2 decimal places.) Acid-test ratio