ts 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 $22. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) flook Hint 0 rences 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 This Year Last Year $ 1,110 10,200 5 1,260 12,900 600 7,000 11,400 690 24,810 20,350 9,000 9,000 48,712 57,712 41,556 50,556 $ 82,522 $ 70,905 $19,200. 930 210 $19,108 760 210 20,340 20,070 8,400 8,408 28,740 28,470 600 600 4,000 4,000 4,600 4,600 49,182 37,836 53,782 42,436 5 82,522 $ 70,906 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses This Year $75,000 Last Year $ 65,000 37,000 38,000 35,000 30,000 10,600 10,100 BOOK Hint Sales Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 75,000 37,000 Last Year $ 65,000 35,000 Cost of goods sold References Gross margin 38,000 30,000 Selling and administrative expenses: Selling expenses Administrative expenses 10,600 10,100 6,908 6,500 Total selling and administrative expenses 17,500 16,600 Net operating income 20,500 13,400 Interest expense 840 840 19,660 7,864 12,560 5,024 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 11,796 7,536 450 240 11,346 37,836 7,296 30,540 $ 49,182 $ 37,836