Comparative finarcial 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 yeat. A total of 600,000 shares of common stock were outstanding. The interest rate on the bood paryable 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 company's common stock at the end of this year was $22. All of the compony's sales are on account. Wellen Corporation Comparative Balonce Sheet (dollars in thousands) Assets This Year Last Year Current assets: Cash Accounts receivable, net Inventony Prepaid expenses Total current assets Property and equipment: Land Buildings and equipent, net. Total property and equipment Total assets. Liabilities and Stockholders' Equity \begin{tabular}{rr} 43,952 & 39,906 \\ \hline 54,652 & 50,606 \\ \hline$78,902 & $71,576 \\ \hline \end{tabular} Current liabilitiesi Accounts payable Accrued liabilities Notes payable, short tera Total current liabilities \begin{tabular}{rr|} $18,860 & $18,509 \\ 980 & 890 \\ 260 & 260 \\ \hline 20,040 & 19,650 \end{tabular} Long-tern liabilities? Bonds payable rotal liabilities \begin{tabular}{rr} 9,900 & 9,900 \\ \hline 29,940 & 29,550 \\ \hline \end{tabular} Stockholders" equity: Coemon stock Additional paid-in capital Total paid-in capital fletained earnings Total stockholders' equity. Total liabilities and stockholders' equity \begin{tabular}{r|r|} 600 & 600 \\ 4,000 & 4,000 \\ \hline 4,600 & 4,600 \\ 44,362 & 37,426 \\ \hline 48,962 & 42,026 \\ \hline$78,902 & $71,576 \\ \hline \end{tabular} Weller Corporation Comparative Incoee statenent and Reconciliation (dollars in thousands) Coles of goods sold Gross margin 5elling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating incoee Interest expense Net income before toxes Income taxes Not 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 ploces.) 3. Acid-test ratio. (Round your onswer to 2 decimal places.) Answer is complete but not entirely correct