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CAN SOMEONE CHECK IT FOR ME PLEASE Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The

CAN SOMEONE CHECK IT FOR ME PLEASE

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 600,000 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 companys common stock at the end of this year was $30. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
This Year Last Year
Assets
Current assets:
Cash $ 1,090 $ 1,410
Accounts receivable, net 9,000 6,900
Inventory 13,500 11,500
Prepaid expenses 600 570
Total current assets 24,190 20,380
Property and equipment:
Land 9,700 9,700
Buildings and equipment, net 45,506 43,178
Total property and equipment 55,206 52,878
Total assets $ 79,396 $ 73,258
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 19,700 $ 18,900
Accrued liabilities 1,020 840
Notes payable, short term 0 290
Total current liabilities 20,720 20,030
Long-term liabilities:
Bonds payable 8,200 8,200
Total liabilities 28,920 28,230
Stockholders' equity:
Common stock 2,000 2,000
Additional paid-in capital 4,000 4,000
Total paid-in capital 6,000 6,000
Retained earnings 44,476 39,028
Total stockholders' equity 50,476 45,028
Total liabilities and stockholders' equity $ 79,396 $ 73,258

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
This Year Last Year
Sales $ 71,000 $ 65,000
Cost of goods sold 43,000 34,000
Gross margin 28,000 31,000
Selling and administrative expenses:
Selling expenses 11,300 10,600
Administrative expenses 6,400 6,100
Total selling and administrative expenses 17,700 16,700
Net operating income 10,300 14,300
Interest expense 820 820
Net income before taxes 9,480 13,480
Income taxes 3,792 5,392
Net income 5,688 8,088
Dividends to common stockholders 240 300
Net income added to retained earnings 5,448 7,788
Beginning retained earnings 39,028 31,240
Ending retained earnings $ 44,476 $ 39,028

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.)

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