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 $075 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $29. All of the company's sales Bre on account This Year Last Year $ 1.240 10,200 13,600 720 25,760 $1,400 6,700 11,500 570 20,170 9,700 4), 189 52,889 $78,649 9,700 38,257 47.957 $68,127 Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipoent: Land Buildings and equipment, net Total property and equipment Tote assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders equity $17,600 720 $19,100 970 e 20.ee 110 18,438 8,3ee 28,370 8,300 26,730 2,000 4.000 6,eee 44,279 50, 279 $78,649 2, eee 4.000 6,000 35,397 41.397 $68,127 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Walter Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales This Year Last Year Cost of goods sold 374,00 564,000 Gross marcin 40,000 18.000 34.000 Selling and administrative expenses: Selling expenses 10,000 10.600 Administrative expenses 6.600 Total selling and administrative expenses 17 Net operating income 16.100 3.600 Interest expense 830 Net Income before taxes 15,270 1,970 Income taxes Net income 9.162 4,782 250 525 Dividends to common stockholders 4,257 Net income added to retained earnings 35,397 31.140 Beginning retained earnings $44,279 $35,197 Ending retained earnings 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 2 3 Times interest eamed ratio Debt-to-equity ratio Equity multiplier