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 $21 All of the company's sales are on account. Assets Current assets: Cash Weller Corporation Comparative Balance Sheet (dollars in thousands) Accounts receivable, net Inventory Prepaid expenses Total current assets This Year Last Year $1,180 $1,290 10,200 7,800 13,800 12,200 660 610 25,840 21,900 Property and equipment: Land 10,300 10,300 Buildings and equipment, net 48,504 40,062 Total property and equipment 58,804 50,362 Total assets Liabilities and Stockholders' Equity Current liabilities: $ 84,644 72,262 Accounts payable $ $ 19,100 18,200 Accrued Liabilities 1,050 850 Notes payable, short term 200 Total current liabilities 20,150 19,250 Long-term Liabilities: 9,300 9,388 29,450 28,550 2,000 2,000 4,000 4,000 Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity 6,000 6,000 49,194 37,712 55,194 43,712 $ $ Total liabilities and stockholders' equity 84,644 72,262 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense This Year Last Year $75,000 $ 65,000 36,000 39,000 35,000 30,000 11,300 10,300 6,400 18,600 16,700 20,400 930 13,300 930 12,370 Net Income before taxes Income taxes Net incone Dividends to common stockholders Net income added to retained earnings 19,470 7,788 11,682 Beginning retained earnings Ending retained earnings 4,948 7,422 200 250 11,482 37,712 $49,194 7.172 30,540 $37,712 Required: Compute the following financial ratios for this year. 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier Note: For all requirements, round your answers to 2 decimal places. 1 Tines med rato 2. Debegaly gyer