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 $24. All of the company's sales are on account. Nellor Corporation Comparative Balance Sheet (dollars in thousands) Year Last Year Weller Corporation Comparative Income statement and Reconciliation (dollars in thousands) This Year Last Year Sales 568,000 35,000 Cost of goods sold 36,000 $7,000 GEONS margin 132,000 20,000 Selling and administrative expenses: Selling expenses 11,100 10, 300 Administrative expenses 16,400 116,400 Total selling and administrative 17,500 16,700 expenses Net operating in 14,500 1,300 Interest expense 900 Net income before taxes 13,600 10,400 Income taxes 5,440 , 160 Net Income 8,160 6,240 Dividends to common stockholders 280 525 Bet income added to retained earnings 7.8805 , 715 Beginning retained earnings 36,25520,590 Ending retained earnings $44, 135 336.255 Required Compute the following financial ratios for this year: , 130 1,230 Accounts receivablo, net 9,600 17, 800 Inventory 12, 600 11, 200 Drepaid expenses 620 T 510 Total current assets 23,950 20,740 11 Property and equipment: Land 110,000 110,000 Buildings and equipment, net 145, 195139,255 Total property and equipment $5,195 19,255 Total assets $79,145 $69,995 Liabilities and stockholders. Equity TT Current liabilities: Accounts payable $19,000 $17,700 Accrued liabilities 1,0108 50 Notes payable, short terms OTIT Total current liabilities 120,010 18,740 Long-term Habilities: Bonds payable 9,0001119,000 Total liabilities 29,010 T 27,7407 stockholders' equity Common stock 12,000 12,000 Additional paid-in capital 14,000 14,000 Total paid-in capital 16,000 6,000 Retained earnings 4,135 1 36,255 Total stockholders' equity $0,135 | 12,255 Total liabilities and stockholders' 579,145 S69,995 equity 190 1. Times interest earned ratio. 2. Debt to equity ratio. 3. Equity multiplier. 1939