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 $20. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,160	$ 1,270
Accounts receivable, net	10,700	8,400
Inventory	12,400	12,100
Prepaid expenses	630	640
Total current assets	24,890	22,410
Property and equipment:
Land	9,900	9,900
Buildings and equipment, net	50,076	38,628
Total property and equipment	59,976	48,528
Total assets	$ 84,866	$ 70,938
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,700	$ 17,600
Accrued liabilities	1,060	890
Notes payable, short term	0	150
Total current liabilities	20,760	18,640
Long-term liabilities:
Bonds payable	9,200	9,200
Total liabilities	29,960	27,840
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	48,906	37,098
Total stockholders' equity	54,906	43,098
Total liabilities and stockholders' equity	$ 84,866	$ 70,938

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 75,000	$ 65,000
Cost of goods sold	36,000	36,000
Gross margin	39,000	29,000
Selling and administrative expenses:
Selling expenses	11,100	10,200
Administrative expenses	6,900	6,200
Total selling and administrative expenses	18,000	16,400
Net operating income	21,000	12,600
Interest expense	920	920
Net income before taxes	20,080	11,680
Income taxes	8,032	4,672
Net income	12,048	7,008
Dividends to common stockholders	240	450
Net income added to retained earnings	11,808	6,558
Beginning retained earnings	37,098	30,540
Ending retained earnings	$ 48,906	$ 37,098

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.)