need to solve 13.1 and 13.2 that's all information we have

Chapter 13 Members of the company's board of directors are surprised to see that net income increased by only $38,000 when sales increased by two million dollars. Required: 1. Express each year's income statement in common-size percentages. Carry computations to one decimal place. 2. Comment briefly on the changes between the two years. EXERCISE 13-2 Financial Ratios for Assessing Liquidity [LO13-2] Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 the year was $18. All of the com- pany's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets $ 1,280 12,300 $ 1,560 9,100 8,200 9,700 1,800 25,080 2,100 20,960 6,000 19,000 6,000 19,200 25,200 $50,280 25,000 $45,960 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: Accounts 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 $ 9,500 600 $ 8,300 700 300 300 9,300 10,400 5,000 15,400 5,000 14,300 800 800 4,200 5,000 4,200 5,000 29,880 34,880 $50,280 26,660 31,660 $45,960 Financial Statement Analysis Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $79,000 52,000 27,000 $74,000 48,000 26,000 8,500 12,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense. Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 20,500 6,500 600 8,000 11,000 19,000 7,000 600 6,400 5,900 2,360 3,540 2,560 3,840 600 320 3,220 26,660 $29,880 3,240 23,420 $26,660 Required: Compute the following financial data and ratios for this year: 1. Working capital. 2. Current ratio. 3. Acid-test ratio