Exerclse $16-2($Algo$)$ FInanclal Ratlos for Assessing Llquidlty $[$LO$16-2]$

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 $600,000$ 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 $$0\mathrm{.}40$ this year. The market value of the company's common stock at the end of this year was $$24.$ All of the company's sales

are on account.

Requlred:

Compute the following financial data and ratios for this year:

Working capital.

Note: Enter your onswer In thousonds.

Current ratio.

Note: Round your answer to $2$ decimal places.

Acid$-$test ratio.

Note: Round your answer to $2$ decimal places.