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 isstre any new common stock during the year. A total of 800.000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, 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 conpany's common stock at the end of this year was $18. All of the company's sales are on account. Required: Compute the following finaticlalidata and tatios for this year: 1. Warking capital. 2. Current ratio. 3. Acidtest ratio 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 new common stock during the year. A total of 800,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, 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 $18. All of the company's sales are on account