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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. Weller Corporation Comparative 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 equipment Total assets Liabilities and Stockholders' Equity Current Liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term Liabilities: Bonds payable Total liabilities Stockholders' equity: Connon stock $1,240 9,300 13,700 $ 1,300 8,400 11,800 760 680 25,000 22,180 10,900 10,900 43,286 37,388 54,186 48,288 $ 79,186 $ 70,468 $ 19,600 $18,500 1,010 820 150 150 20,760 19,470 9,700 9,700 30,460 29,178 600 600 4000 Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 9,700 9,700 30,460 29,170 600 600 4,000 4,000 4,600 4,600 44,126 36,698 48,726 41,298 $ 79,186 $ 70,468 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales Cost of goods sold Gross margin Selling expenses Selling and administrative expenses: Administrative expenses Total selling and administrative expenses Net operating income Interest expense $ 74,000 $ 65,000 42,000 36,000 32,000 29,000 11,400 10,900 6,500 6,800 17,900 17,700 14,100 11,300 970 970 Net income before taxes Income taxes 13,130 10,330 5,252 4,132 Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 7,878 6,198 450 240 7,428 36,698 $ 44,126 $ 36,698 5,958 30,740 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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