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 $700,000$ 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$$s common stock at the end of this year was $$25.$ 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 $ $1,230$ $ $1,300$

Accounts receivable, net $10,4007,100$

Inventory $13,10012,100$

Prepaid expenses $630610$

Total current assets $25,36021,110$

Property and equipment:

Land $9,4009,400$

Buildings and equipment, net $47,27538,535$

Total property and equipment $56,67547,935$

Total assets $ $82,035$ $ $69,045$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $18,700$ $ $19,100$

Accrued liabilities $1,020820$

Notes payable, short term $0180$

Total current liabilities $19,72020,100$

Long$-$term liabilities:

Bonds payable $8,5008,500$

Total liabilities $28,22028,600$

Stockholders' equity:

Common stock $2,0002,000$

Additional paid$-$in capital $4,0004,000$

Total paid$-$in capital $6,0006,000$

Retained earnings $47,81534,445$

Total stockholders' equity $53,81540,445$

Total liabilities and stockholders' equity $ $82,035$ $ $69,045$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $74,000$ $ $65,000$

Cost of goods sold $33,00041,000$

Gross margin $41,00024,000$

Selling and administrative expenses:

Selling expenses $10,60010,100$

Administrative expenses $6,8006,000$

Total selling and administrative expenses $17,40016,100$

Net operating income $23,6007,900$

Interest expense $850850$

Net income before taxes $22,7507,050$

Income taxes $9,1002,820$

Net income $13,6504,230$

Dividends to common stockholders $280525$

Net income added to retained earnings $13,3703,705$

Beginning retained earnings $34,44530,740$

Ending retained earnings $ $47,815$ $ $34,445$

Required:

Compute the following financial ratios for this year:

Times interest earned ratio.

Debt$-$to$-$equity ratio.

Equity multiplier.

Note: For all requirements, round your answers to $2$ decimal places.