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 company's common stock at the end of this year was $21. All of the company's sales are on account. Assets Weller Corporation Comparative Balance Sheet (dollars in thousands) Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total 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: This Year Last Year $ 1,280 10,200 12,600 $ 1,330 8,200 11,400 660 600 24,740 21,530 9,400 9,400 43,182 41,996 52,582 51,396 $ 77,322 $ 72,926 $ 18,500 $ 18,300 970 790 0 160 19,470 19,250 9,400 9,400 28,870 28,650 wwww Buildings and equipment, net Total property and equipment 43,182 52,582 41,996 51,396 Total assets $ 77,322 $ 72,926 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 18,500 $ 18,300 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 970 790 0 160 19,470 19,250 9,400 9,400 28,870 28,650 2,000 2,000 4,000 4,000 6,000 6,000 Retained earnings 42,452 38,276 Total stockholders' equity 48,452 44,276 Total liabilities and stockholders' equity $ 77,322 $ 72,926 Sales Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income This Year Last Year $ 67,000 $ 66,000 40,000 35,000 27,000 31,000 11,400 10,100 7,300 6,900 18,700 17,000 8,300 14,000 940 940 7,360 13,060 2,944 5,224 4,416 7,836 240 300 4,176 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 38,276 $ 42,452 7,536 30,740 $ 38,276 Required: Compute the following financial ratios for this year: 1. Times interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier. Note: For all requirements, round your answers to 2 decimal places. 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier