Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Heller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $1,210 10,400 $1,310 12,200 610 6,600 12,400 600 24,420 21,000 Property and equipment: Land 11,000 11,000 Buildings and equipment, net 42,468 37,294 Total property and equipment 53,468 45,294 Total assets $77,868 $69.294 Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued 11abilities $19,900 1,010 $18,300 700 Notes payable, short term 100 Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings 20,910 19,270 8,100 100 29,018 27,370 2,000 2,000 4,000 4,000 6,000 42,070 AN M 6,000 35,924 < Prev 4 of 9 Next > Check my Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation 48,87% 41,924 $77,888 169,294 Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $72,000 166,000 Cost of goods sold 41,000 39,000 Gross margin 11,000 27,000 Selling and administrative expenses: Selling expenses 11,000 10,000 Administrative expenses 7,200 7,000 Total selling and administrative expenses 16,200 17,000 Net operating Income 12,800 9,200 Interest expense 510 610 Net Income before takes 11,990 8,390 Income taxes 4,796 3,356 Net income 7,194 5,034 Dividends to common stockholders Net Income added to retained earnings Beginning retained earnings Ending retained earnings 240 450 6,954 4,584 35,924 $42,078 31,340 $35,924 e10 search < Prev 4 of 9 Next > 37 Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial ratios for this year: Book 1. Times interest earned ratio. Hint eferences 6,954 4,584 35,924 31,340 $42,878 $35,924 2. Debt-to-equity ratio. 3. Equity multiplier. (For all requirements, round your answers to 2 decimal places.) 1 Times interest earned ratio 12.99 2 Debt-to-equity ratio 019 3 Equity multiplier 1.58