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 $075 last year and \$0.40 this year. The market value of the company's common stock at the end of this year was $30. All of the compary's sales are on account (dollars in thousands) Assets This Year Last Year Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, not Total property and equipment Total assets Liabilities and Stockholders: Equity Current Habilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additionol paid-in capital Total poid - In copital Retoined eornings Total stockholders" equity Total liabilities and stockholders' equity \begin{tabular}{rr} $1,090 & $1,240 \\ 10,200 & 6,700 \\ 13,000 & 11,500 \\ 730 & 640 \\ \hline 25,020 & 28,080 \\ \hline & \\ 10,300 & 10,300 \\ 41,536 & 42,938 \\ \hline 51,836 & 53,238 \\ \hline$76,856 & $73,318 \\ \hline \end{tabular} \begin{tabular}{rr} $10,800 & $19,100 \\ 940 & 750 \\ 150 & 150 \\ \hline 19,890 & 20,000 \end{tabular} \begin{tabular}{rr} 9,700 & 9,700 \\ \hline 29,590 & 29,700 \\ \hline \end{tabular} \begin{tabular}{rr} 600 & 600 \\ 4,090 & 4,000 \\ \hline 4,600 & 4,600 \\ 42,666 & 39,018 \\ \hline 47,266 & 43,618 \\ \hline$76,856 & $73,318 \\ \hline \end{tabular} 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 this year was $30. All of the company's sales are on account 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 ploces.)
