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 700,000 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 $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,100 10,300 12,100 610 24, 110 $ 1,350 6,700 10,700 670 19,420 9,900 44,834 54,734 $78,844 9,900 41,827 51,727 $71,147 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 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 Total stockholders' equity Total liabilities and stockholders' equity $ 19, 200 980 150 20,330 $19,300 860 150 20,310 8,300 28,630 8,300 28, 610 700 4,000 4,700 45,514 50,214 $78, 844 700 4,000 4,700 37,837 42,537 $71,147 Last Year $65,000 34,000 31,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $70,000 Cost of goods sold 38,000 Gross margin 32,000 Selling and administrative expenses: Selling expenses 10,900 Administrative expenses 6,600 Total selling and administrative expenses 17,500 Net operating income 14,500 Interest expense 830 Net income before taxes 13,670 Income taxes 5,468 Net income 8,202 Dividends to common stockholders 525 Net income added to retained earnings 7,677 Beginning retained earnings 37,837 Ending retained earnings $45,514 10,800 7,000 17,800 13,200 830 12,370 4,948 7,422 525 6,897 30,940 $37,837 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.)