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 800,000 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 S0.40 this year. The market value of the company's common stock at the end of the year was $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: 5 1,170 S 1,340 6,900 12,600 11,100 660 Accounts receivable, net 10,700 Prepaid expenses 740 Total current assets 25,210 20,000 Property and equipment Land Buildings and equipment, net 9,200 9.200 45,810 40.560 55,010 49,760 580,220 569.760 Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term 518,800 $17,800 820 180 980 Total current liabilities Long-term liabilities: 19,780 18,800 9,000 28,780 27,800 9,000 Bonds payable Total liabilities 2,000 2,000 Common stock Additional paid-in capital 4,000 4,000 Total paid-in capital Retained earnings 6,000 6,000 45,440 35,960 51,440 41,960 580,220 569.760 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation (dollars in thousands) This Year Last Year 72,000 585,000 37,000 38,000 Sales Cost of goods sold Gross margin 35,000 27000 Selling and administrative expenses: Selling expenses Administrative expenses 10,700 10,200 7,200 6,700 17,900 1.900 17,100 10.100 Total selling and administrative expenses Net operating income Interest expense 900 900 Net income before taxes Income taxes 16,200 6,480 9.200 3,680 Net income Dividends to common stockholders 9,720 240 5,520 600 Net income added to retained earnings Beginning retained eanings 4.920 35,980 31,040 9,480 Ending retained eamings 545,440 535,960 Required: Compute the following financial ratios for this year: 1 Times interest earned ratio. (Round your answer to 1 decimal place.) interest earned ratio 2. Debt-to-equity ratio. (Round your answer to 2 decimal places.) ratio 3. Equity multiplier. (Round your answer to 2 decimal places.) multiplier