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 $20. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,120 10,200 12,300 730 24,350 $ 1,320 7,400 11,700 560 20,980 10,900 45,603 56,503 $ 80, 853 10,900 39,894 50,704 $ 71,684 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 1,000 150 20,350 $ 17,900 880 150 18,930 8,100 28,450 8,100 27,030 700 4,000 4,700 47,703 52,403 $ 80, 853 700 4,000 4,700 39,954 44,654 $ 71,684 Last Year $ 66,000 33,000 33,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 76,000 Cost of goods sold 43,000 Gross margin 33,000 Selling and administrative expenses: Selling expenses 11,100 Administrative expenses 7,300 Total selling and administrative expenses 18,400 Net operating income 14,600 Interest expense 810 Net income before taxes 13,790 Income taxes 5,516 Net income 8,274 Dividends to common stockholders 525 Net income added to retained earnings 7,749 Beginning retained earnings 39,954 Ending retained earnings $ 47,703 10,100 6,600 16,700 16,300 810 15,490 6, 196 9,294 280 9,014 30,940 $ 39,954 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.)