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%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the companys common stock at the end of this year was $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,260	$ 1,400
Accounts receivable, net	10,700	8,000
Inventory	13,000	12,600
Prepaid expenses	620	580
Total current assets	25,580	22,580
Property and equipment:
Land	10,000	10,000
Buildings and equipment, net	38,608	35,244
Total property and equipment	48,608	45,244
Total assets	$ 74,188	$ 67,824
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,600	$ 17,900
Accrued liabilities	960	880
Notes payable, short term	0	130
Total current liabilities	20,560	18,910
Long-term liabilities:
Bonds payable	8,100	8,100
Total liabilities	28,660	27,010
Stockholders' equity:
Common stock	2,000	2,000
Additional paid-in capital	4,000	4,000
Total paid-in capital	6,000	6,000
Retained earnings	39,528	34,814
Total stockholders' equity	45,528	40,814
Total liabilities and stockholders' equity	$ 74,188	$ 67,824

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 68,000	$ 64,000
Cost of goods sold	41,000	39,000
Gross margin	27,000	25,000
Selling and administrative expenses:
Selling expenses	10,900	10,200
Administrative expenses	7,100	6,700
Total selling and administrative expenses	18,000	16,900
Net operating income	9,000	8,100
Interest expense	810	810
Net income before taxes	8,190	7,290
Income taxes	3,276	2,916
Net income	4,914	4,374
Dividends to common stockholders	200	500
Net income added to retained earnings	4,714	3,874
Beginning retained earnings	34,814	30,940
Ending retained earnings	$ 39,528	$ 34,814

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.)