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 company's common stock at the end of the year was $22. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year 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 $ 1,250 10,700 14,000 610 26,560 $ 1,400 8,300 10,900 590 21,190 9,200 44,426 53,626 $80, 186 9,200 40,048 49,248 $70,438 $19,400 980 $18,700 750 170 19,620 20,380 8,200 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 28,580 8,200 27,820 2,000 4,000 6,000 45,606 51,606 $80,186 2,000 4,000 6,000 36,618 42,618 $70,438 Last Year $65,000 38,000 27,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $72,000 Cost of goods sold 38,000 Gross margin 34,000 Selling and administrative expenses: Selling expenses 11,000 Administrative expenses 6,800 Total selling and administrative expenses 17,800 Net operating income 16,200 Interest expense 820 Net income before taxes 15,380 Income taxes 6,152 Net income 9,228 Dividends to common stockholders 240 Net income added to retained earnings 8,988 Beginning retained earnings 36,618 Ending retained earnings $45,606 10,300 6,000 16,300 10,700 820 9,880 3,952 5,928 450 5, 478 31,140 $36,618 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.) Times interest earned ratio Debt-to-equity ratio Equity multiplier