Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets ts Current assets: Cash $ 1, 180 $ 1, 380 skipped Accounts receivable, net 10 , 800 6, 800 Inventory 12, 600 11, 700 Prepaid expenses 760 550 Total current asset's 25, 340 20, 430 eBook Property and equipment : Land 9 , 600 9 , 600 Hint Buildings and equipment, net 43, 458 38, 124 Total property and equipment 53, 058 eferences 47, 724 Total assets $ 78, 398 $ 68, 154 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 18, 800 $ 18, 200 Accrued liabilities 1, 060 740 Notes payable, short term 180 180 Total current liabilities 20, 040 19, 120 Long-term liabilities : Bonds payable 9, 100 9, 100 Total liabilities 29, 140 28, 220 Stockholders' equity: Common stock 600 600 Additional paid-in capital 4, 000 4, 000 Total paid-in capital 4, 600 009't Retained earnings 44, 658 35, 334 Total stockholders' equity 49 , 258 39,934 Total liabilities and stockholders' equity $ 78, 398 $ 68, 154 Mc Graw HillWeller Corporation Comparative Income Statement and Reconciliation ( dollars in thousands) This Year Last Year Sales $ 71, 000 $ 66, 000 Cost of goods sold 35 , 000 41, 000 Gross margin 36 , 000 25, 000 Selling and administrative expenses : Selling expenses 11, 400 10, 400 Administrative expenses 7 , 400 6 , 300 Total selling and administrative expenses 18 , 800 16, 700 Net operating income 17 , 200 8 , 300 Interest expense 910 910 Net income before taxes 16, 290 7, 390 Income taxes 6, 516 2, 956 Net income 9, 774 4, 434 Dividends to common stockholders 450 240 Net income added to retained earnings 9, 324 4, 194 Beginning retained earnings 35, 334 31, 140 Ending retained earnings $ 44, 658 $ 35, 334 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.)Selling and administrative expenses : Selling expenses 11, 400 10 , 400 Administrative expenses 7, 400 6 , 300 Total selling and administrative expenses 18 , 800 16 , 700 Net operating income 17 , 200 8, 300 Interest expense 910 910 points Net income before taxes 16, 290 7, 390 Income taxes 6 , 516 2, 956 Net income Skipped 9 , 774 4, 434 Dividends to common stockholders 450 240 Net income added to retained earnings 9, 324 4, 194 Beginning retained earnings 35, 334 31, 140 eBook Ending retained earnings $ 44, 658 $ 35, 334 Hint Required: References 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