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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 company's common stock at the end of this year was $26. All of the company's sales are on account Holler Corporation Comparative Balance Sheet dollars in thousands) 19 The Year Last Year $ 1,240 9,600 13,300 730 24,870 $ 1,310 8,500 12.400 590 22,900 10,900 45,932 56.832 $ 81,702 10,900 37,246 48,146 $ 70,946 Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current Assets Property and equipment Land Duildings and equipment, not Total property and equipment Total assets Liabilities and stockholders' Equity Current liabilities Accounts payable Accrued Liabilities Notes payable, short term Total current liabilities Long-term liabilities Donds payable Total liabilities Stockholders' equity Common atook Additional paid in capital Total paid in capital Metained earnings Total stockholders equity Total liabilities and stockholders' equity $ 17,700 340 $ 19,900 930 120 21,000 170 10.710 9.400 30,400 9.400 20,910 600 6.000 4,600 46202 51.202 $ 1,702 600 4,000 4,600 30.236 42.836 70,946 Last Year $ 66,000 35,000 31,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 73,000 Cost of goods sold 39,000 Gross margin 34,000 Selling and administrative expenses: Selling expenses 11,300 Administrative expenses 6,900 Total selling and administrative expenses 18,200 Net operating income 15,800 Interest expense 940 Net income before taxes 14,860 Income taxes 5,944 Net income 8,916 Dividends to common stockholders 450 Net income added to retained earnings 8,466 Beginning retained earnings 38,236 Ending retained earnings $ 46,702 10,100 6,900 17,000 14,000 940 13,060 5,224 7,836 240 7,596 30,640 $ 38,236 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.) 1. Working capital 2. Current ratio 3. Acid-test ratio

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