Wor

What is the:

1. Working Capital?

2. Current Ratio?

3. Acid-test ratio?

Comparative financial statements for Weller Corpor 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 $1.00 last year and $0.65 this year. The market value of the company's common stock at the end of the year was $26. All of the company's sales are on account. ation, a merchandising company, for the fiscal year Weller Corporation Comparative Balance Sheet (dollars in thousands) This YearLast Year Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $ 1,110 1,330 9,500 8,100 13,200 12,000 700 630 Total current assets 24,440 22,130 Property and equipment: 9,600 9,600 Land Buildings and equipment, net 45,738 40,60 55,338 50,204 $79,778 $72,334 Total property and equipment Total assets