please help due tonight.
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 $0.75 last year and $0,40 this year. The market value of the company's common stock at the end of the year was $24. All of the company's sales are on account welter Corporation Comparative Balance sheet (dollars in thousands) This Year Last Year $ 1,190 10,200 13,500 650 25,540 $ 1,370 7,400 11,000 520 21,090 10,700 43,166 52,866 379,406 10,700 36.520 47.220 Assets Current assets: Cash Accounts receivable, net Thventory Prepaid expenses Total current assets Property and equipment: Land Muildings and equipment, net Total property and equipment Total assets Liabilities and stockholders quity Current Hobilities: Accounts payable Accrued liabilities Notes payable, short tern 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 $19,000 940 250 20,190 $10,900 390 250 20,040 9,700 29,590 9,200 29740 600 4,000 4,600 44,916 49,516 579,406 600 4,000 4,600 33,978 30,570 366,310 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales 374,000 564,000 Cost of goods sold 36,000 41,000 Grossman 30.000 23,000 Selling and administrative expenses Selline expenses 10,900 10, 500 Administrative expenses 2.400 6.200 Total selling and administrative expenses 10300 16.000 Net operating Income 19,900 200 Interest Expense 970 970 Net Income before taxes 10,730 520 Income the 7492 2.2 250 250 20,190 20,00 9,700 29,890 9,700 29,740 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 600 4,000 4,600 44,916 49,516 $79,406 609 4,000 4,600 33,978 38,578 568,318 Last Year 564,888 41,eee 23,ese weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $74,000 Cost of goods sold 36 , Gross margin 38,000 selling and administrative expenses: Selling expenses 10,980 Administrative expenses 7,400 Total selling and administrative expenses 18,300 Net operating income 19,700 Interest expense 970 Net income before taxes 18,730 Income taxes 7,492 Net income 11,238 Dividends to common stockholders 300 Net income added to retained earnings 10,938 Beginning retained earnings 33,978 Ending retained earnings $44,916 19,689 6,200 16,880 6, 2ee 970 5,230 2,092 3,138 3ee 2,838 31,140 $33,978 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