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 $21. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,160 11,000 12,400 710 25,270 $ 1,310 7,400 11,200 630 20,540 9,900 42,942 52,842 $78, 112 9,900 38,211 48,111 $ 68,651 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 $ 18,500 910 280 19,690 $ 18,000 820 280 19,100 9,900 29,590 9,900 29,000 500 4,000 4,500 44,022 48,522 $ 78,112 500 4,000 4,500 35, 151 39,651 $68,651 Last Year $ 65,000 40,000 25,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 69,000 Cost of goods sold 34,000 Gross margin 35,000 Selling and administrative expenses: Selling expenses 11,400 Administrative expenses 7,200 Total selling and administrative expenses 18,600 Net operating income 16,400 Interest expense 990 Net income before taxes 15,410 Income taxes 6,164 Net income 9,246 Dividends to common stockholders 375 Net income added to retained earnings 8,871 Beginning retained earnings 35,151 Ending retained earnings $ 44,022 10,700 6,500 17,200 7,800 990 6,810 2,724 4,086 375 3,711 31,440 $ 35,151 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