Retained earnings 45,736 Total stockholders' equity 50,436 Total liabilities and stockholders' equity $79,866 36,668 41,368 $70,248 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 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 $26. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets Cash $ 1,250 $ 1,330 Accounts receivable, net 9,2006,800 Inventory 13,100 12,500 Prepaid expenses 630 550 Total current assets 24,180 21,180 Property and equipment: Land 10,100 10,100 Buildings and equipment, net 45,586 38,968 Total property and equipment 55,686 49,068 Total assets $79,866 $70,248 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19,000 $18,700 Accrued liabilities 960710 Notes payable, short term 270 270 Total current liabilities 20,230 19,680 Long-term liabilities: Bonds payable 9,200 9,200 Total liabilities 29.430 28,880 Stockholders' equity Common stock 700 700 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,700 4,700 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $76,000 $65,000 Cost of goods sold 40,000 36,000 Gross margin 36,000 29,000 Selling and administrative expenses: Selling expenses 11.500 10.900 Administrative expenses 7,300 6,800 Total selling and administrative expenses 18,800 17,700 Net operating income 17,200 11,300 Interest expense 920 920 Net income before taxes 16,280 10,380 Income taxes 6,512 4,152 Net income 9,768 6,228 Dividends to common stockholders 700 700 Net income added to retained earnings 9,068 5,528 Beginning retained earnings 36,668 31,140 Ending retained earnings $45,736 $36,668 Compute the following financial data and ratios for this year: 1. Working capital. (Enter answer in thousands.) 2. Current ratio. (Round your answer to 2 decimal places.) 3. Acid-test ratio. (Round your answer to 2 decimal places.)