EXERCISE 16-2 Financial Ratios for Assessing Liquidity [ LO16-2 Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any common stock during the year. A total of 800,000 shares of common stock were outstanding. The Required: Compute the following financial data and ratios for this year: 1. Working capital. 2. Current ratio. 3. Acid-test ratio