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Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new
Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 $1.00. The market value of the company's common stock at the end of the year was $28. All of the company's sales are on account. Compute the following financial ratios for this year: Times interest earned ratio. (Round your answer to 1 decimal place.) Debt-to-equity ratio (Round your answer to 2 decimal places.) Equity multiplier (Round your answer to 2 decimal places.)
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