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Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 bonds, which were sold at their face value, 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 the year was $27. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,100		$	1,240
Accounts receivable, net		10,800			7,100
Inventory		13,300			10,600
Prepaid expenses		610			650
Total current assets		25,810			19,590
Property and equipment:
Land		9,400			9,400
Buildings and equipment, net		44,879			40,227
Total property and equipment		54,279			49,627
Total assets	$	80,089		$	69,217
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	20,500		$	19,100
Accrued liabilities		1,020			790
Notes payable, short term		290			290
Total current liabilities		21,810			20,180
Long-term liabilities:
Bonds payable		8,300			8,300
Total liabilities		30,110			28,480
Stockholders' equity:
Common stock		700			700
Additional paid-in capital		4,000			4,000
Total paid-in capital		4,700			4,700
Retained earnings		45,279			36,037
Total stockholders' equity		49,979			40,737
Total liabilities and stockholders' equity	$	80,089		$	69,217

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	75,000		$	65,000
Cost of goods sold		41,000			37,000
Gross margin		34,000			28,000
Selling and administrative expenses:
Selling expenses		10,600			10,500
Administrative expenses		6,700			6,800
Total selling and administrative expenses		17,300			17,300
Net operating income		16,700			10,700
Interest expense		830			830
Net income before taxes		15,870			9,870
Income taxes		6,348			3,948
Net income		9,522			5,922
Dividends to common stockholders		280			525
Net income added to retained earnings		9,242			5,397
Beginning retained earnings		36,037			30,640
Ending retained earnings	$	45,279		$	36,037

Required:

Compute the following financial data and ratios for this year:

1.	Working capital.
2.	Current ratio

3.	Acid-test ratio

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