-Y ILY [LOR 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 Weller Corporation Comparative Balance sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,140 $ 1,330 Accounts receivable, net 9,900 6,900 Inventory 12,600 12,000 Prepaid expenses 620 W 600 Total current assets 1/24, 260 20,830 Property and equipment: Land 9,300 9,300 Buildings and equipment, net 46,3764 1,518 Total property and equipment 155,67650,818 Total assets $79,936 $71,648 Liabilities and Stockholders Equity Current liabilities: Accounts payable $20,100 $19,000 Accrued liabilities 920 Notes payable, short term 200 200 Total current liabilities 21,22019,970 Long term liabilities: Bonds payable 9,200 Total liabilities 9,200 30,42029, 170 stockholders equity: Common stock 600 600 Additional paid-in capital 4,000 4,000 Total paid in capital 4,600 Retained earnings 4,600 374878 Total stockholders' equity 49,516 Total liabilities and stockholders equity $79,936 $71,648 770 121128 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $73,000 $64,000 Cost of goods sold 42,000 35,000 Gross margin (31,000/129,000 Selling and administrative expenses: Selling expenses 10,600 10,600 Administrative expenses 7,000 6,000 Total selling and administrative expenses 17,600 16,600 Net operating income 13,400 12,400 Interest expense 920 920 Net income before taxes 12,480 11,480 Income taxes 4,992 4.592 Net income 7,488 6,888 Dividends to common stockholders 450 450 Net income added to retained earnings 7,038 6,438 Beginning retained earnings 1.37,87831,440 Ending retained earnings $44,916 $37,878 Required: Compute the following financial data and ratios for this year 1. Working capital (Enter answer in thousands 2. Current ratio. (Round your answer to 2 decimal places. 3. Acid-test ratio. (Round your answer to 2 decimal places.)