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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 $28. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,110	$ 1,310
Accounts receivable, net	10,900	8,000
Inventory	13,600	11,600
Prepaid expenses	780	570
Total current assets	26,390	21,480
Property and equipment:
Land	10,200	10,200
Buildings and equipment, net	46,590	39,760
Total property and equipment	56,790	49,960
Total assets	$ 83,180	$ 71,440
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,300	$ 19,400
Accrued liabilities	1,080	790
Notes payable, short term	110	110
Total current liabilities	20,490	20,300
Long-term liabilities:
Bonds payable	10,000	10,000
Total liabilities	30,490	30,300
Stockholders' equity:
Common stock	600	600
Additional paid-in capital	4,000	4,000
Total paid-in capital	4,600	4,600
Retained earnings	48,090	36,540
Total stockholders' equity	52,690	41,140
Total liabilities and stockholders' equity	$ 83,180	$ 71,440

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 73,000	$ 65,000
Cost of goods sold	34,000	37,000
Gross margin	39,000	28,000
Selling and administrative expenses:
Selling expenses	11,400	10,200
Administrative expenses	6,600	6,900
Total selling and administrative expenses	18,000	17,100
Net operating income	21,000	10,900
Interest expense	1,000	1,000
Net income before taxes	20,000	9,900
Income taxes	8,000	3,960
Net income	12,000	5,940
Dividends to common stockholders	450	240
Net income added to retained earnings	11,550	5,700
Beginning retained earnings	36,540	30,840
Ending retained earnings	$ 48,090	$ 36,540

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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