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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

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed 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 500,000 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 this year was $20. All of the company's sales are on account. 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.) Total assets 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 \begin{tabular}{l} $81,636$72,888 \\ \hline \hline \end{tabular} \begin{tabular}{rr} $20,400 & $18,200 \\ 960 & 890 \\ 0 & 210 \\ \hline 21,360 & 19,300 \end{tabular} \begin{tabular}{rr} 8,200 & 8,200 \\ \hline 29,560 & 27,500 \\ \hline & \\ 2,000 & 2,000 \\ 4,000 & 4,000 \\ \hline 6,000 & 6,000 \\ 46,076 & 39,388 \\ \hline 52,076 & 45,388 \\ \hline$81,636 & $72,888 \\ \hline \hline \end{tabular}

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