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Comparative financial statements for Weller Corporation, a merchandising comparty, for the year encing December 31 appear below, The company did not issue arty new common

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Comparative financial statements for Weller Corporation, a merchandising comparty, for the year encing December 31 appear below, The company did not issue arty new common stock during the ycar. 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 $075 last year and $0.40 this year. The market value of the cornpany's common stock at the end of this year was $23. All of the company's sales are on account. Weller Conporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross margin Sellinganda 10,900 10,200 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.) 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.)

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