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 companys common stock at the end of this year was $22. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands) This YearLast YearAssets Current assets: Cash$ 1,280$ 1,340Accounts receivable, net10,4008,200Inventory12,10011,100Prepaid expenses770680Total current assets24,55021,320Property and equipment: Land10,30010,300Buildings and equipment, net45,62438,202Total property and equipment55,92448,502Total assets$ 80,474$ 69,822Liabilities and Stockholders' Equity Current liabilities: Accounts payable$ 18,900$ 18,800Accrued liabilities1,060720Notes payable, short term240240Total current liabilities20,20019,760Long-term liabilities: Bonds payable9,3009,300Total liabilities29,50029,060Stockholders' equity: Common stock600600Additional paid-in capital4,0004,000Total paid-in capital4,6004,600Retained earnings46,37436,162Total stockholders' equity50,97440,762Total liabilities and stockholders' equity$ 80,474$ 69,822

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This YearLast YearSales$ 74,000$ 66,000Cost of goods sold37,00039,000Gross margin37,00027,000Selling and administrative expenses: Selling expenses11,20010,400Administrative expenses7,1006,900Total selling and administrative expenses18,30017,300Net operating income18,7009,700Interest expense930930Net income before taxes17,7708,770Income taxes7,1083,508Net income10,6625,262Dividends to common stockholders450240Net income added to retained earnings10,2125,022Beginning retained earnings36,16231,140Ending retained earnings$ 46,374$ 36,162

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.)