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 company's common stock at the end of this year was $25. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) 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 payable This Year Last Year $ 1,210 10,600 12,400 $ 1,220 6,800 11,200 710 600 24,920 19,820 10,500 10,500 52,298 44,604 62,798 55,104 $ 87,718 $ 74,924 Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity $ 20,400 970 0 $ 19,400 810 21,370 220 20,430 9,100 9,100 30,470 29,530 2,000 2,000 4,000 4,000 6,000 6,000 51,248 39,394 57,248 45,394 Total liabilities and stockholders' equity $ 87,718 $ 74,924 Sales Cost of goods sold Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 76,000 37,000 Last Year $ 66,000 33,000 Gross margin 39,000 33,000 Selling and administrative expenses: Selling expenses 10,700 10,200 Administrative expenses 7,300 6,300 Total selling and administrative expenses 18,000 16,500 Net operating income 21,000 16,500 Interest expense 910 910 Net income before taxes 20,090 15,590 Income taxes 8,036 6,236 12,054 9,354 200 500 11,854 39,394 8,854 30,540 $ 51,248 $ 39,394 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. (For all requirements, round your answers to 2 decimal places.) 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier