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 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 $21. 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 $ 1,220 $ 1,330 Accounts receivable, net 10,900 7,900 Inventory 13,100 12,400 Prepaid expenses 630 680 Total current assets 25,850 22,310 9,500 38,744 9,500 36,952 Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets 48,244 46,452 $ 74,094 $68,762 $20,400 1,050 0 $ 18,100 760 250 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities 21,450 19,110 8,800 8,800 30,250 27,910 2,000 4,000 2,000 4,000 Stockholders' equity Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 6,000 37,844 6,000 34,852 43,844 40,852 $ 74,094 $68,762 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 66,000 $65,000 Cost of goods sold 41,000 40,000 Gross margin 25,000 25,000 11,500 7,300 10,500 6,600 Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense 18,800 17,100 6,200 880 7,900 880 Net income before taxes Income taxes 5,320 2,128 7,020 2,808 3,192 200 4,212 500 Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 2,992 3,712 34,852 31,140 $37,844 $34,852 Times interest earned ratio. (Round your answer to 1 decimal place.) Times interest earned ratio Debt-to-equity ratio. (Round your answer to 2 decimal places.) Debt-to-equity ratio Equity multiplier. (Round your answer to 2 decimal places.) Equity multiplier