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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$26.$ 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 $ $1,140$ $ $1,270$

Accounts receivable, net $9,9008,100$

Inventory $13,00011,300$

Prepaid expenses $780530$

Total current assets $24,82021,200$

Property and equipment:

Land $9,6009,600$

Buildings and equipment, net $43,94840,034$

Total property and equipment $53,54849,634$

Total assets $ $78,368$ $ $70,834$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $18,600$ $ $19,300$

Accrued liabilities $930740$

Notes payable, short term $0220$

Total current liabilities $19,53020,260$

Long$-$term liabilities:

Bonds payable $9,6009,600$

Total liabilities $29,13029,860$

Stockholders' equity:

Common stock $2,0002,000$

Additional paid$-$in capital $4,0004,000$

Total paid$-$in capital $6,0006,000$

Retained earnings $43,23834,974$

Total stockholders' equity $49,23840,974$

Total liabilities and stockholders' equity $ $78,368$ $ $70,834$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $71,000$ $ $66,000$

Cost of goods sold $38,00041,000$

Gross margin $33,00025,000$

Selling and administrative expenses:

Selling expenses $10,90010,200$

Administrative expenses $6,9006,200$

Total selling and administrative expenses $17,80016,400$

Net operating income $15,2008,600$

Interest expense $960960$

Net income before taxes $14,2407,640$

Income taxes $5,6963,056$

Net income $8,5444,584$

Dividends to common stockholders $280350$

Net income added to retained earnings $8,2644,234$

Beginning retained earnings $34,97430,740$

Ending retained earnings $ $43,238$ $ $34,974$

Required:

Compute the following financial ratios for this year:

Times interest earned ratio.

Debt$-$to$-$equity ratio.

Equity multiplier.

Note: For all requirements, round your answers to $2$ decimal places.