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 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 companys common stock at the end of the year was $24. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,170		$	1,230
Accounts receivable, net		9,900			7,300
Inventory		13,300			12,000
Prepaid expenses		680			590
Total current assets		25,050			21,120
Property and equipment:
Land		10,600			10,600
Buildings and equipment, net		49,238			39,374
Total property and equipment		59,838			49,974
Total assets	$	84,888		$	71,094
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,200		$	18,700
Accrued liabilities		990			760
Notes payable, short term		0			150
Total current liabilities		20,190			19,610
Long-term liabilities:
Bonds payable		8,100			8,100
Total liabilities		28,290			27,710
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		50,598			37,384
Total stockholders' equity		56,598			43,384
Total liabilities and stockholders' equity	$	84,888		$	71,094

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	74,000		$	66,000
Cost of goods sold		33,000			38,000
Gross margin		41,000			28,000
Selling and administrative expenses:
Selling expenses		10,800			10,400
Administrative expenses		6,900			6,300
Total selling and administrative expenses		17,700			16,700
Net operating income		23,300			11,300
Interest expense		810			810
Net income before taxes		22,490			10,490
Income taxes		8,996			4,196
Net income		13,494			6,294
Dividends to common stockholders		280			350
Net income added to retained earnings		13,214			5,944
Beginning retained earnings		37,384			31,440
Ending retained earnings	$	50,598		$	37,384

Required:

Compute the following financial ratios for this year:

1. Times interest earned ratio.

2. Debt-to-equity ratio.

3. Equity multiplier.