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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the companys common stock at the end of the year was $28. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,080		$	1,380
Accounts receivable, net		10,900			7,000
Inventory		12,000			11,100
Prepaid expenses		680			640
Total current assets		24,660			20,120
Property and equipment:
Land		9,900			9,900
Buildings and equipment, net		44,761			41,728
Total property and equipment		54,661			51,628
Total assets	$	79,321		$	71,748
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,300		$	19,400
Accrued liabilities		940			770
Notes payable, short term		0			220
Total current liabilities		20,240			20,390
Long-term liabilities:
Bonds payable		8,700			8,700
Total liabilities		28,940			29,090
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		44,381			36,658
Total stockholders' equity		50,381			42,658
Total liabilities and stockholders' equity	$	79,321		$	71,748

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	66,000		$	65,000
Cost of goods sold		34,000			36,000
Gross margin		32,000			29,000
Selling and administrative expenses:
Selling expenses		10,700			10,800
Administrative expenses		6,800			6,800
Total selling and administrative expenses		17,500			17,600
Net operating income		14,500			11,400
Interest expense		870			870
Net income before taxes		13,630			10,530
Income taxes		5,452			4,212
Net income		8,178			6,318
Dividends to common stockholders		455			700
Net income added to retained earnings		7,723			5,618
Beginning retained earnings		36,658			31,040
Ending retained earnings	$	44,381		$	36,658

Required:

Compute the following financial ratios for this year:

1.	Times interest earned ratio. (Round your answer to 1 decimal place.)

2.	Debt-to-equity ratio. (Round your answer to 2 decimal places.)

3.	Equity multiplier. (Round your answer to 2 decimal places.)

please show all work and calculations