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%. 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 $23. 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 Total current assets Property and equipment: $ 1,230 11,000 12,500 $ 1,290 7,300 12,000 630 620 25,360 21,210 Land 10,600 10,600 Buildings and equipment, net 39,278 35,654 Total property and equipment 49,878 46,254 Total assets $75,238 $67,464 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19,200 $19,100 Accrued liabilities 1,050 710 Notes payable, short term 0 110 Total current liabilities 20,250 19,920 Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital 8,600 8,600 28,850 28,520 2,000 2,000 4,000 4,000 6,000 6,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 40,388 32,944 46,388 38,944 $75,238 $67,464 Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $67,000 $64,000 Cost of goods sold 36,000 41,000 Gross margin 31,000 23,000 Selling and administrative expenses: Selling expenses 11,000 10,800 Administrative expenses 6,400 6,500 Total selling and administrative expenses 17,400 17,300 Net operating income 13,600 5,700 Interest expense 860 860 Net income before taxes 12,740 4,840 Income taxes 5,096 1,936 Net income 7,644 2,904 Dividends to common stockholders 200 500 Net income added to retained earnings 7,444 2,404 Beginning retained earnings 32,944 30,540 Ending retained earnings $40,388 $32,944 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. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier