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 $22. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,230 $ 1,380 9. see 8, 880 13,480 e.zee 780660 24,630 29,740 9,988 41,638 51,530 $76,160 9.900 40, 150 58,05 $78,790 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, 180 1. ese $18,300 840 240 - 20,420 240 19,380 9,880 29,420 9.000 28, 380 7ee 7ee 4,000 4,700 42.949 46,740 $76,160 4,080 4,789 37,719 42,410 $70,790 Last Year $64,989 34,00 38,888 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $67.ee Cost of goods sold 40,eee Gross margin 27,980 Selling and administrative expenses: Selling expenses 11, 380 Administrative expenses 7.989 Total selling and administrative expenses 18,300 Net operating income 8.789 Interest expense Net income before taxes 7. Bee Income taxes 3,120 Net income 4,680 Dividends to common stockholders 350 Net income added to retained earnings 4.330 Beginning retained earnings 37.718 Ending retained earnings $42,840 928 1 0, see 6.990 17.480 12.680 988 11.789 4.680 7,020 350 6.670 31.840 $37,710 Required: Compute the following financial data and ratios for this year. 1. Working capital. (Enter 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