Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below The company did notissue 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 the year was $22. All of the company's sales are on account $ 1,190 10,000 13,500 710 25,400 $ 1,300 6,500 11,700 658 20.450 9,800 48,462 58,262 $83,662 9,800 44,186 53,986 $74,436 Assets 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 Habilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid in capital Total paid in capital Retained earnings Total stockholders' equity Total Tibilities and stockholders' equity $20,100 1,010 $19, 200 760 270 20,239 21, 110 8,900 39,010 8,900 29, 130 2,800 4.000 6,000 42.652 53,652 $83,662 2,000 4,000 6,000 39,306 45, 306 574,436 $73,800 40,000 33,000 565,000 33,000 32,600 Sales 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 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 11,300 6,500 17,880 15,200 890 14, 310 5,724 8,586 240 8, 346 39, 306 10,300 6,700 17.000 15,000 890 14,110 5,644 8,466 600 7,866 31,440 $39,386 $47,652 $ Required: Compute the following financial ratios for this year 1. Times interest eamed ratio 2 Debt-to-equity ratio, 3. Equity multiplier (For all requirements, round your answers to 2 decimal places.)