600 Comparative financial statements for Weiler 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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $24. All of the company's sales are on account Welter Corporation Comparative Balance Sheet (dollars in thousands This Year Last Year Assets Current assetst Cash $ 1,120 Accounts receivable, net $ 1,400 10,700 Inventory 7,600 13,500 Prepaid expenses 11,200 620 Total current assets 25,940 20,800 Property and equipment Land 9,400 9,400 Buildings and equipment, net 44,934 38,832 Total property and equipment 54,334 48,232 Total assets $ 80,274 $ 69,032 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable $ 20,500 $ 18,400 Accrued liabilities 980 870 Notes payable, short term @ 350 Total current liabilities 21,480 19,420 Long-term Liabilities: Bonds payable 8,300 8,300 Total liabilities 29, 780 27,720 Stockholders' equity! Common stock 2,000 2.000 Additional paid-in capital 4,000 Total poid-in capital 6,000 6,800 Retained earnings 44,494 35,312 Total stockholders' equity 50,494 41,312 Total liabilities and stockholders' equity $ 80,274 $ 69,032 4,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 70,000 $ 65,000 Cost of goods sold 35,800 40,000 Gross margin 35,000 25,000 Selling and administrative expenses: Selling expenses 11,300 10,700 Administrative expenses 7,100 6,600 Total selling and administrative expenses 18,400 17,300 Net operating income 16,680 Interest expense 830 830 Net income before taxes 15,770 6,870 Income taxes 6, 308 2,748 Net income 9,462 4,122 Dividends to common stockholders 280 350 Net income added to retained earnings 9, 182 3,772 Beginning retained earnings 35,312 31,540 Ending retained earnings $ 44,494 $ 35,312 7,700 Required: Compute the following financial ratios for this year 1. Times interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier (For all requirements, round your answers to 2 decimal places.) 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier