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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $25. 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 $ 1,170 $ 1,370 10,300 6,800 13,100 11,800 720 510 Total current assets 25,290 20.480 9.100 49,574 9.100 42,492 Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets 58,674 51,592 $83,964 $72,072 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $20,100 $ 18,300 900 850 0 230 21,000 19.380 Total current liabilities Long-term liabilities: Bonds payable Total liabilities 9,800 9.800 30.800 29.180 Stockholders' equity Common stock Additional paid-in capital 2.000 4.000 2.000 4.000 Total paid-in capital Retained earnings 6,000 47. 164 6.000 36.892 Total stockholders' equity 53.164 42.892 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $74,000 $ 65,000 Cost of goods sold 38,000 36,000 Gross margin 36,000 29,000 Selling and administrative expenses: Selling expenses Administrative expenses 11,100 6,400 10,300 6,800 Total selling and administrative expenses 17,500 17,100 Net operating income Interest expense 18,500 980 11,900 980 Net income before taxes Income taxes 17,520 7,008 10,920 4,368 Net income Dividends to common stockholders 10,512 240 6,552 600 Net income added to retained earnings Beginning retained earnings 10,272 36,892 5,952 30,940 Ending retained earnings $ 47,164 $36.892 Required: Compute the following financial ratios for this year. 1. Times interest eamed ratio. (Round your answer to 1 decimal place.) Times interest eamed ratio 2. Debt-to-equity ratio. (Round your answer to 2 decimal places.) Debt-to-equity ratio 3. Equity multiplier. (Round your answer to 2 decimal places.) Equity multiplier