pleass help. i cant identify the working capital, current ratio and acid test ratio

Exercise 16-2 (Algo) Financial Ratios for Assessing Liquidity (L016-2] 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 $0.75 last year and $0.40 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. This Year Lant Year $ 1,260 9,600 12,600 650 24.110 $ 1,300 7,000 11,900 690 20,090 Weller Corporation Comparative Balance Sheet (dollars in thousanda) Anet Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current sta Property and equipment Land buildings and equipment, net Total property and oqulpetent Total asseto Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued abilities Notes payable, short term Total current liabilities Long-term liabilities: Ronds payable Cotal abilities stockholders equity. Common stock additional paid-in capital Total paid in capital Jotained varninga 9.000 40334 4933 573, 444 9.000 25.142 44, 142 $65,032 $19,200 990 100 20,290 $17,800 920 100 10,730 200 20.590 00 27,0210 600 4.000 4.600 40254 600 4.000 4.600 33,402 Proy 1 of 3 Next > $73,444 $65,032 $19,200 990 100 20,290 $17,800 830 100 18,730 AMEL Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Acerued 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 liablities and stockholders equity 8,300 28,590 8,300 27,030 600 4,000 4,600 40,254 44,854 $73,444 600 4,000 4,600 33, 402 38,002 $65,032 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales This Year Last Year $73,000 cost of goods sold $65,000 42,000 Cross margin 42.000 31,000 23,000 Selling and administrative expenses: Selling expenses 11,100 10,100 Aaminintrative exponen 6,900 6.900 oral selling and administrative cxpenses 10.000 17,000 Nor operating Income 13.000 6,000 Intoreut expenso 830 830 Not income before taxes 12,170 5.170 Lacoste Laxd 4.868 2.068 No ingom 7.302 J. 102 240 450 Divadende o coronatockholders Netancome added to retained carningo 6,852 2,062 30.540 33.402 Deginntag retained carnice $40.254 33.402 Ending retained carne nga Next > 1 of 3 (UULLE Ganu This Year Last Year $73,000 $65,000 42,000 42,000 31,000 23,000 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 carning 11,100 6,900 18,000 13,000 B30 12,170 4,868 7,302 450 6,852 33,402 $40,254 10,100 6,900 17.000 6,000 830 5,170 2,068 3,102 240 2,862 30.540 $33,402 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.) Working capital 2 // Current ratio 3 Adid test ratio Next > Po 1 of 3