7. Compute the Times Interest Earned Ratio

8. Debt to Equity Ratio

9. Equity Multiplier

10. Gross Margin Percentage

11. Net Profit Margin Percentage

12. Return on Total Assets

14. Return on Total Equity

Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Liabilities and Stockholders' Equity Current liabilities: \begin{tabular}{lrr} Accounts payable & $9.500 & $8.300 \\ Accrued liabilities & 600 & 700 \\ Notes payable, short term & 300 & 300 \\ \cline { 2 - 4 } Total current liabilities & 10.400 & 9.300 \end{tabular} Long-term liabilities: Bonds payable Total liabilities 15.4005.00014.3005.000 Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operatine income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial data and ratios for this year: I. Working capital. 2. Current ratio. 3. Acid.test ratio. EXERCISE 16-3 Financial Ratios for Asset Management [ L016-3 Refer to the data in Exercise 162 for Weller Corporation. Required: Compute the following financial data for this year: I. Accounts receivable turnover. (Assume that all sales are on account.) 2. Average collection period. 3. Inventory turnover. 4. Average sale period. 5. Operating cycle. 6. Total asset turnover