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 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 $1.00 last year and $0.65 this year. The market value of the companys common stock at the end of the year was $23. All of the companys sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash $ 1,270 $ 1,360 Accounts receivable, net 9,800 6,700 Inventory 13,300 10,700 Prepaid expenses 800 670 Total current assets 25,170 19,430 Property and equipment: Land 10,100 10,100 Buildings and equipment, net 47,783 40,724 Total property and equipment 57,883 50,824 Total assets $ 83,053 $ 70,254 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 19,300 $ 18,200 Accrued liabilities 1,020 790 Notes payable, short term 0 250 Total current liabilities 20,320 19,240 Long-term liabilities: Bonds payable 8,100 8,100 Total liabilities 28,420 27,340 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 48,633 36,914 Total stockholders' equity 54,633 42,914 Total liabilities and stockholders' equity $ 83,053 $ 70,254 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 73,000 $ 65,000 Cost of goods sold 34,000 35,000 Gross margin 39,000 30,000 Selling and administrative expenses: Selling expenses 11,300 10,600 Administrative expenses 6,600 6,800 Total selling and administrative expenses 17,900 17,400 Net operating income 21,100 12,600 Interest expense 810 810 Net income before taxes 20,290 11,790 Income taxes 8,116 4,716 Net income 12,174 7,074 Dividends to common stockholders 455 700 Net income added to retained earnings 11,719 6,374 Beginning retained earnings 36,914 30,540 Ending retained earnings $ 48,633 $ 36,914 Required: Compute the following financial ratios for this year:

1. Times interest earned ratio. (Round your answer to 1 decimal place.)

2. Debt-to-equity ratio. (Round your answer to 2 decimal places.)

3. Equity multiplier. (Round your answer to 2 decimal places.)