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 $27. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year 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 $ 1,180 10,000 13,600 780 $ 1,230 7,100 11,500 680 25,560 20,510 9,700 9,700 43,578 40,464 53,278 50,164 $ 78,838 $ 70,674 $ 19,600 $ 17,800 940 220 720 220 20,760 18,740 9,100 9,100 29,860 27,840 600 600 4,000 4,000 Retained earnings 4,600 4,600 Total stockholders' equity 44,378 38,234 48,978 42,834 Total liabilities and stockholders' equity $ 78,838 $ 70,674 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 70,000 $ 65,000 Cost of goods sold 41,000 35,000 Gross margin 29,000 30,000 Selling and administrative expenses: Selling expenses 10,700 10,700 Administrative expenses 6,400 6,000 Total selling and administrative expenses 17,100 16,700 Net operating income 11,900 13,300 Interest expense 910 910 Net income before taxes 10,990 12,390 Income taxes 4,396 4,956 Net income 6,594 7,434 Dividends to common stockholders Beginning retained earnings 450 240 Net income added to retained earnings Ending retained earnings $ 44,378 6,144 38,234 7,194 31,040 $ 38,234 Required: S 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