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 $26. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,210		$	1,250
Accounts receivable, net		9,600			6,900
Inventory		13,500			11,500
Prepaid expenses		650			550
Total current assets		24,960			20,200
Property and equipment:
Land		9,700			9,700
Buildings and equipment, net		46,118			43,024
Total property and equipment		55,818			52,724
Total assets	$	80,778		$	72,924
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,000		$	19,300
Accrued liabilities		950			720
Notes payable, short term		0			110
Total current liabilities		19,950			20,130
Long-term liabilities:
Bonds payable		9,100			9,100
Total liabilities		29,050			29,230
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		45,728			37,694
Total stockholders' equity		51,728			43,694
Total liabilities and stockholders' equity	$	80,778		$	72,924

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	71,000		$	64,000
Cost of goods sold		38,000			35,000
Gross margin		33,000			29,000
Selling and administrative expenses:
Selling expenses		11,400			10,300
Administrative expenses		6,900			6,200
Total selling and administrative expenses		18,300			16,500
Net operating income		14,700			12,500
Interest expense		910			910
Net income before taxes		13,790			11,590
Income taxes		5,516			4,636
Net income		8,274			6,954
Dividends to common stockholders		240			600
Net income added to retained earnings		8,034			6,354
Beginning retained earnings		37,694			31,340
Ending retained earnings	$	45,728		$	37,694

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.)