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 500,000 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 $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,180 10,700 13,900 660 26,440 $ 1,250 8,300 11,000 650 21,200 10,000 40,808 50,808 $77, 248 10,000 38,694 48,694 $69,894 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 Accrued 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 liabilities and stockholders' equity $18,500 1,060 180 19,740 $19,100 850 180 20,130 8,600 8,600 28,730 28,340 500 4,000 4,500 44,408 48,908 $77,248 500 4,000 4,500 36,664 41,164 $69,894 Last Year $65,000 37,000 28,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $66,000 Cost of goods sold 34,000 Gross margin 32,000 Selling and administrative expenses: Selling expenses 10,900 Administrative expenses 6,500 Total selling and administrative expenses 17,400 Net operating income 14,600 Interest expense 860 Net income before taxes 13,740 Income taxes 5,496 Net income 8, 244 Dividends to common stockholders 500 Net income added to retained earnings 7,744 Beginning retained earnings 36,664 Ending retained earnings $44,408 10,600 6,000 16,600 11,400 860 10,540 4,216 6,324 500 5,824 30,840 $36,664 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