managerial accounting sos

Comparative financial statements for Weller Corporation, 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 700,000 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 this year was $23. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,200 10,300 13,100 770 25,370 $ 1,370 7,100 12,300 510 21,280 9,300 41,179 50,479 $75,849 9,300 36,292 45,592 $66,872 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Account 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 $20,200 960 290 21,450 $19,000 860 290 20,150 8,300 29,750 8,300 28,450 700 4,000 4,700 41,399 46,099 $75,849 700 4,000 4,700 33,722 38,422 $66,872 Last Year $65,000 42,000 23,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $68,000 Cost of goods sold 36,000 Gross margin 32,000 Selling and administrative expenses: Selling expenses 10,700 Administrative expenses 6,800 Total selling and administrative expenses 17,500 Net operating income 14,500 Interest expense 830 Net income before taxes 13,670 Income taxes 5,468 Net income 8,202 Dividends to common stockholders 525 Net income added to retained earnings 7,677 Beginning retained earnings 33,722 Ending retained earnings $41,399 10,900 6,500 17,400 5,600 830 4,770 1,908 2,862 280 2,582 31,140 $33,722 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