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Compute the following financial data and ratios for this year:

$1.$ Working capital.

Note: Enter your answer in thousands.

$2.$ Current ratio.

Note: Round your answer to $2$ decimal places.

$3.$ Acid$-$test ratio.

Note: Round your answer to $2$ decimal places.

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December $31$ appear below. The company did not issue any 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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$27.$ All of the company$$s sales are on account.

Lomparative Balance Sheet

$($dollars in thousands$)$

This Year Last Year

Assets

Current assets:

Cash

Accounts receivable, net

Inventory

Prepaid expenses

Total current assets

Property and equipment:

Land.

Buildings and equipment, net

Total property and equipnent

Total assets

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

Accrued l$$abilities

Notes payable, short tern

Total current liabilities

Long$-$term liabilities:

Bonds payable

Total liabilities

Stockholders' equity:

Connon stock

Additional paid$-$in capital

Total paid$-$in capital

Retained earnings

Total stockholders' equity

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