Question

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,280		$	1,560
Accounts receivable, net		12,300			9,100
Inventory		9,700			8,200
Prepaid expenses		1,800			2,100
Total current assets		25,080			20,960
Property and equipment:
Land		6,000			6,000
Buildings and equipment,net		19,200			19,000
Total property andequipment		25,200			25,000
Total assets	$	50,280		$	45,960
Liabilities andStockholders' Equity
Current liabilities:
Accounts payable	$	9,500		$	8,300
Accrued liabilities		600			700
Notes payable, short term		300			300
Total current liabilities		10,400			9,300
Long-term liabilities:
Bonds payable		5,000			5,000
Total liabilities		15,400			14,300
Stockholders' equity:
Common stock		800			800
Additional paid-in capital		4,200			4,200
Total paid-in capital		5,000			5,000
Retained earnings		29,880			26,660
Total stockholders' equity		34,880			31,660
Total liabilities andstockholders' equity	$	50,280		$	45,960

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	79,000		$	74,000
Cost of goods sold		52,000			48,000
Gross margin		27,000			26,000
Selling and administrativeexpenses:
Selling expenses		8,500			8,000
Administrative expenses		12,000			11,000
Total selling and administrativeexpenses		20,500			19,000
Net operating income		6,500			7,000
Interest expense		600			600
Net income before taxes		5,900			6,400
Income taxes		2,360			2,560
Net income		3,540			3,840
Dividends to commonstockholders		320			600
Net income added to retainedearnings		3,220			3,240
Beginning retained earnings		26,660			23,420
Ending retained earnings	$	29,880		$	26,660

Required:

Compute the following financial data and ratios for thisyear:

1. Working capital. (Enter answer inthousands.)

2. Current ratio. (Round your answer to 2 decimalplaces.)

3. Acid-test ratio. (Round your answer to 2 decimalplaces.)