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 $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,110		$	1,230
Accounts receivable, net		9,600			8,400
Inventory		14,000			12,400
Prepaid expenses		600			680
Total current assets		25,310			22,710
Property and equipment:
Land		10,200			10,200
Buildings and equipment, net		46,794			36,012
Total property and equipment		56,994			46,212
Total assets	$	82,304		$	68,922
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	20,100		$	17,600
Accrued liabilities		1,040			760
Notes payable, short term		0			150
Total current liabilities		21,140			18,510
Long-term liabilities:
Bonds payable		8,800			8,800
Total liabilities		29,940			27,310
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		46,364			35,612
Total stockholders' equity		52,364			41,612
Total liabilities and stockholders' equity	$	82,304		$	68,922

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	74,000		$	64,000
Cost of goods sold		37,000			38,000
Gross margin		37,000			26,000
Selling and administrative expenses:
Selling expenses		10,700			10,900
Administrative expenses		7,100			6,100
Total selling and administrative expenses		17,800			17,000
Net operating income		19,200			9,000
Interest expense		880			880
Net income before taxes		18,320			8,120
Income taxes		7,328			3,248
Net income		10,992			4,872
Dividends to common stockholders		240			300
Net income added to retained earnings		10,752			4,572
Beginning retained earnings		35,612			31,040
Ending retained earnings	$	46,364		$	35,612

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.)