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 $22. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,120 9,200 12,800 650 23,770 $ 1,270 7,600 11,200 690 20,750 9.700 47,744 57.444 $81,214 9,700 41,842 51,542 $72,302 Assets 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 Acerved liabilities Notes payable, short term Total current liabilities Long-term liabilities Bonds payable Potal liabilities Stockholdere equity Common stock Additional paid-in capital Total paid-in capital Retained earning Total stockholders' equity Total abilities and stockholders' equity 019,600 1,090 200 20,990 $10.400 890 200 19,490 8.800 29,690 0.00 28,290 600 600 4,000 4.600 46924 51.524 4.000 4,600 30.412 44,012 $72,902 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $68,000 $65,000 Cost of goods sold 36,000 33,000 Gross margin 32,000 32,000 Selling and administrative expenses : Selling expenses 11,000 10,000 Administrative expenses 7,100 6,000 Total selling and administrative expenses 18,100 16,000 Net operating income 13,900 16,000 Interest expense 880 880 Net income before taxes 13,020 15, 120 Income taxes 5,208 6,048 Net income 7,812 9,072 Dividends to common stockholders 300 300 Net income added to retained earnings 7,512 8,772 Beginning retained earnings 39,412 30,640 Ending retained earnings $46, 924 $39,412 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