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 $29. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands). This Year Last Year Assets Current anneta Cash $ 1,240 Accounts receivable, net Inventory $1,220 9,800 12,100 600 8,400 12,600 Prepaid expenses Total current assets 690 22,930 23,720 Property and equipment: Land 10,100 10,100 48,800 38,100 Buildings and equipment, net Total property and equipment 58,900 48.200 Total annets $ 82,620 $71,130 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19,400 $19,100 960 870 150 150 Accrued liabilities. Notes payable, short term Total current liabilities Long-term liabilities: 20,510 20,120 9,500 9,500 Bonda payable Total liabilities Stockholders' equity: 30,010 29,620 Common stock 600 600 Additional paid-in capital 4,000 4,000 Total paid-in capital 4,600 4,600 Retained earnings 48,010 36,910 Total stockholders' equity. 52,610 41,510 $ 82,620 Total liabilities and stockholders equity $71,130. Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 71,000 33,000 38,000 10,700 7,100 17,800 20,200 950 19,250 7,700 11,550 450 11,100 36,910 $ 48,010 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 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 Last Year $ 65,000 36,000 29,000 10,800 6,400 17,200 11,800 950 10,850 4,340 6,510 240 6,270 30,640 $36,910