Computer following financial data and ratios for this year

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 the year was $23. 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 $ 1,270 10.100 13,000 620 24,990 $1,310 8,300 12,200 610 22.420 Land 10,600 40.088 50.6 $75,678 10,600 36,294 46,894 $69,314 $19,600 1,040 130 20,770 $17,600 870 130 18.600 Ruildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Iquity 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 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 9.600 30,370 9.600 20. 200 600 4,000 4,600 40,00 45,00 $75,678 600 4.000 4,600 36,514 41,114 $69,314 Weller Corporation ---- Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $68,000 $64,000 Cost of goods sold 42,000 36,000 Gross margin 26,000 28,000 Selling and administrative expenses Selling expenses 10,800 10,700 Administrative expenses 6,500 6,300 Total selling and administrative expenses 17,300 17,000 Net operating income 8,700 11,000 Interest expense 960 960 Net income before taxes 7,740 10,040 Income taxes 3,096 4,016 Net income 4,644 6,024 Dividends to common stockholders 450 450 Net income added to retained earnings 4,194 5,574 Beginning retained earnings 36,514 30,940 Ending retained earnings $40, 700 $36,514 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