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 600,000 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 this year was $20. 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: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts pavable $1,230 9,700 13,700 770 $1,250 6,900 11,400 510 25,400 20,060 9,500 9,see 50,662 40,546 60,162 50,046 $ 85,562 $ 70,106 $ 20.500 $17.500 Accrued liabilities 980 890 Notes payable, short term 270 Total current liabilities 21,480 18,660 Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings 8,400 8,400 29,880 27,060 2,000 2,000 4,000 4,000 6, 6,000 49,682 37,046 Total stockholders' equity Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) 55,682 43,046 $ 85,562 $ 70,106 This Year Last Year Sales $ 75,000 $ 64,000 Cost of goods sold 35,000 35,000 Gross margin 40,000 29,000 Selling and administrative expenses: Selling expenses 11,000 10,400 Administrative expenses 6,700 6,500 Total selling and administrative expenses 17,700 16,900 Net operating income 22,300 12,100 Interest expense 840 840 Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial ratios for this year: 1. Times interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier. 21,460 11,260 8,584 4,504 12,876 6,756 240 450 12,636 6,306 37,046 30,740 $ 49,682 $ 37,046 (For all requirements, round your answers to 2 decimal places.) 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier