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 $25. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: This YearLast Year Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets $ $ 1,160 1,290 10,800 8,200 13,500 12,300 700 600 26,160 22,390 10,500 10,500 42,922 39,826 53,422 50,326 $ $ 79,582 72,716 Liabilities and Stockholders' Equity Current liabilities: $ $ Accounts payable 20,400 19,000 Accrued liabilities 910 800 Notes payable, short term e 170 Total current liabilities 21,310 19,970 Long-term liabilities: Bonds payable Total liabilities 9,900 9,900 31,210 29,870 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 42,372 36,846 Total stockholders' equity 48,372 42,846 $ $ Total liabilities and stockholders' equity 79,582 72,716 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross margin Selling expenses Administrative expenses Selling and administrative expenses: Total selling and administrative expenses Net operating income. Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings This Year $ 71,000 Last Year $ 64,000 42,000 34,000 29,000 30,000 11,000 10,800 7,400 6,700 18,400 17,500 10,600 12,500 990 9,618 990 11,510 3,844 5,766 240 5,526 36,846 $ 42,372 4,604 6,906 600 6,306 30,540 $ 36,846 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