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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 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 companys common stock at the end of this year was $26. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,200	$ 1,230
Accounts receivable, net	9,500	8,400
Inventory	14,000	12,000
Prepaid expenses	700	510
Total current assets	25,400	22,140
Property and equipment:
Land	9,400	9,400
Buildings and equipment, net	42,940	36,740
Total property and equipment	52,340	46,140
Total assets	$ 77,740	$ 68,280
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,200	$ 18,500
Accrued liabilities	940	770
Notes payable, short term	270	270
Total current liabilities	21,410	19,540
Long-term liabilities:
Bonds payable	10,000	10,000
Total liabilities	31,410	29,540
Stockholders' equity:
Common stock	600	600
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,600	4,600
Retained earnings	41,730	34,140
Total stockholders' equity	46,330	38,740
Total liabilities and stockholders' equity	$ 77,740	$ 68,280

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 68,000	$ 65,000
Cost of goods sold	36,000	41,000
Gross margin	32,000	24,000
Selling and administrative expenses:
Selling expenses	11,000	10,400
Administrative expenses	6,600	6,700
Total selling and administrative expenses	17,600	17,100
Net operating income	14,400	6,900
Interest expense	1,000	1,000
Net income before taxes	13,400	5,900
Income taxes	5,360	2,360
Net income	8,040	3,540
Dividends to common stockholders	450	240
Net income added to retained earnings	7,590	3,300
Beginning retained earnings	34,140	30,840
Ending retained earnings	$ 41,730	$ 34,140

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.

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