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 the year was $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousande) This Year Last Year $ 1.090 9.200 12.600 1.410 7.900 11.000 560 23.580 20.870 9,300 50,684 $74.264 9.300 40.032 49,332 $70,202 Current assets Canh Necounts receivable, net Tnventory Prepaid expenses Total current assets Property and equipment hand Buildings and equipment, net Total property and equipment Total assets Liabilities and stockholders' Equity Current liabilities: Recounts payable Meered liabilities Notes payable, short term Total current liabilities Long-term liabilities Sonda 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 $19,000 $19,100 1.010 230 20,340 720 230 19.950 9.000 30,140 9.000 29,250 600 600 4.000 4.600 4.500 39.524 44. 124 $74.264 40.452 $70,202 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $69,000 $65,000 Cost of goods sold 43,000 39,000 Gross margin 26,000 26,000 Selling and administrative expenses Selling expenses 10,800 10,200 Administrative expenses 7,100 6,300 Total selling and administrative 17,900 16,500 Net operating income 8,100 9,500 Interest expenses 980 980 Net income before taxes 7,1208 ,520 Income taxes 2,848 3,408 Net income 4,2725 ,112 Dividends to common stockholders 600 600 Net income added to retained earnings 3,672 4,512 Beginning retained earnings 5,852 3 1,340 Ending retained earnings 524 $35,852 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