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 700,000 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 $29. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,180 10,500 13,300 630 25,610 $ 1,330 8,100 12,000 560 21,990 10,900 43,714 54,614 $80,224 10,900 39,932 50,832 $72,822 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 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 $20,300 1,090 $18,200 720 110 19,030 21,390 9,300 30,690 9,300 28, 330 2,000 4,000 6,000 43,534 49,534 $80,224 2,000 4,000 6,000 38,492 44, 492 $ 72, 822 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 67,000 $65,000 Cost of goods sold 39,000 34,000 Gross margin 28,000 31,000 Selling and administrative expenses: Selling expenses 10,800 10,900 Administrative expenses 7,000 Total selling and administrative expenses 17,900 Net operating income 13,100 Interest expense 930 Net income before taxes 12,170 Income taxes 3.548 4,868 Net income 7,302 Dividends to common stockholders 280 350 Net income added to retained earnings 5,042 6,952 Beginning retained earnings 38,492 31,540 Ending retained earnings $43.534 $38, 492 200 00 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.) 1. 2. 3. Times interest earned ratio Debt-to-equity ratio Equity multiplier