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 500,000 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 $23. All of the company's sales are on account. Comparative Balance Sheet (dollars in thousands) This Year Last Year 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 $1,2609,70012,500$1,4008,20011,800 Long-term liabilities: \begin{tabular}{rr} 640 & 510 \\ \hline 24,100 & 21,910 \\ \hline \end{tabular} Bonds payable Total liabilities \begin{tabular}{rr} \hline & \\ 11,000 & 11,000 \\ 45,593 & 39,044 \\ \hline 56,593 & 50,044 \\ \hline$80,693 & $71,954 \\ \hline \end{tabular} stockholders' equity: common stock Additional paid-in capital Total paid-in capital \begin{tabular}{rr} $19,800 & $19,100 \\ 1,080 & 820 \\ 200 & 200 \\ \hline 21,080 & 20,120 \end{tabular} Retained earnings Total stockholders' equity \begin{tabular}{rr} 8,100 & 8,100 \\ \hline 29,180 & 28,220 \\ \hline \end{tabular} Total liabilities and stockholders' equity \begin{tabular}{rr} 500 & 500 \\ 4,000 & 4,000 \\ \hline 4,500 & 4,500 \\ 47,013 & 39,234 \\ \hline 51,513 & 43,734 \\ \hline$80,693 & $71,954 \\ \hline \hline \end{tabular} Weller Corporation Comparative Income statement and Reconciliation (dollars in thousands) Sales This Year Last Year cost of goods sold Gross margin Selling and administrative expenses: selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings \begin{tabular}{rr} This Year & Last Year \\ $74,000 & $64,000 \\ 42,000 & 32,000 \\ \hline 32,000 & 32,000 \\ \hline & \\ 11,200 & 10,800 \\ 6,400 & 6,400 \\ \hline 17,600 & 17,200 \\ \hline 14,400 & 14,800 \\ 810 & 810 \\ \hline 13,590 & 13,990 \\ 5,436 & 5,596 \\ \hline 8,154 & 8,394 \\ 375 & 200 \\ \hline 7,779 & 8,194 \\ 39,234 & 31,040 \\ \hline$47,013 & $39,234 \end{tabular} 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.)