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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 700,000 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 $29. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,210	$ 1,230
Accounts receivable, net	9,300	7,600
Inventory	12,200	10,900
Prepaid expenses	670	620
Total current assets	23,380	20,350
Property and equipment:
Land	11,000	11,000
Buildings and equipment, net	51,781	39,588
Total property and equipment	62,781	50,588
Total assets	$ 86,161	$ 70,938
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,000	$ 17,600
Accrued liabilities	900	860
Notes payable, short term	290	290
Total current liabilities	21,190	18,750
Long-term liabilities:
Bonds payable	9,200	9,200
Total liabilities	30,390	27,950
Stockholders' equity:
Common stock	700	700
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,700	4,700
Retained earnings	51,071	38,288
Total stockholders' equity	55,771	42,988
Total liabilities and stockholders' equity	$ 86,161	$ 70,938

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 75,000	$ 64,000
Cost of goods sold	34,000	34,000
Gross margin	41,000	30,000
Selling and administrative expenses:
Selling expenses	10,600	10,700
Administrative expenses	7,300	6,000
Total selling and administrative expenses	17,900	16,700
Net operating income	23,100	13,300
Interest expense	920	920
Net income before taxes	22,180	12,380
Income taxes	8,872	4,952
Net income	13,308	7,428
Dividends to common stockholders	525	280
Net income added to retained earnings	12,783	7,148
Beginning retained earnings	38,288	31,140
Ending retained earnings	$ 51,071	$ 38,288

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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