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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 companys common stock at the end of this year was $23. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,230		$	1,340
Accounts receivable, net		10,400			8,500
Inventory		13,700			11,500
Prepaid expenses		650			650
Total current assets		25,980			21,990
Property and equipment:
Land		9,200			9,200
Buildings and equipment, net		45,695			40,480
Total property and equipment		54,895			49,680
Total assets	$	80,875		$	71,670
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,600		$	19,300
Accrued liabilities		1,070			790
Notes payable, short term		120			120
Total current liabilities		20,790			20,210
Long-term liabilities:
Bonds payable		10,000			10,000
Total liabilities		30,790			30,210
Stockholders' equity:
Common stock		500			500
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,500			4,500
Retained earnings		45,585			36,960
Total stockholders' equity		50,085			41,460
Total liabilities and stockholders' equity	$	80,875		$	71,670

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	73,000		$	64,000
Cost of goods sold		39,000			35,000
Gross margin		34,000			29,000
Selling and administrative expenses:
Selling expenses		11,300			10,800
Administrative expenses		6,700			6,500
Total selling and administrative expenses		18,000			17,300
Net operating income		16,000			11,700
Interest expense		1,000			1,000
Net income before taxes		15,000			10,700
Income taxes		6,000			4,280
Net income		9,000			6,420
Dividends to common stockholders		375			200
Net income added to retained earnings		8,625			6,220
Beginning retained earnings		36,960			30,740
Ending retained earnings	$	45,585		$	36,960

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.)

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