Exerclse $14-2($Algo$)$ Financial Ratlos for Assessing Llquldity $[$LO$14-2]$

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 $600,000$ 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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company's common stock at the end of this year was $$28.$ All of the company's sales are on account.

Comparative Balance Sheet

$($dollars in thousands$)$

Required:

Compute the following financial data and ratios for this year.

Working capital. $($Enter your answer in thousands.$)$

$2$ Current ratio. $($Round your answer to $2$ decimal places.$)$

Acid$-$test ratio. $($Round your answer to $2$ decimal places.$)$

$\backslash$table$[[1.$ Working caption,$],[2.$ Current ratio,$],[3.$ Acidtest ratio,$]]$