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 $28. All of the company's sales are on account. Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 72,000 $ 65,000 Cost of goods sold 33,000 41,000 Gross margin 39,000 24,000 Selling and administrative expenses: Selling expenses 11,500 10,300 Administrative expenses 7,200 6,800 Total selling and administrative 18,700 17,100 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 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 20,300 6,900 830 830 19,470 6,070 7,788 2,428 11,682 3,642 375 200 11,307 3,442 34,182 30,740 $ 45,489 $ 34,182