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 companys common stock at the end of this year was $27. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,110	$ 1,230
Accounts receivable, net	10,600	7,800
Inventory	12,400	11,600
Prepaid expenses	740	510
Total current assets	24,850	21,140
Property and equipment:
Land	10,500	10,500
Buildings and equipment, net	46,574	37,692
Total property and equipment	57,074	48,192
Total assets	$ 81,924	$ 69,332
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,200	$ 18,000
Accrued liabilities	960	850
Notes payable, short term	0	120
Total current liabilities	21,160	18,970
Long-term liabilities:
Bonds payable	9,300	9,300
Total liabilities	30,460	28,270
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	45,464	35,062
Total stockholders' equity	51,464	41,062
Total liabilities and stockholders' equity	$ 81,924	$ 69,332

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 69,000	$ 65,000
Cost of goods sold	33,000	40,000
Gross margin	36,000	25,000
Selling and administrative expenses:
Selling expenses	10,800	10,400
Administrative expenses	6,600	6,800
Total selling and administrative expenses	17,400	17,200
Net operating income	18,600	7,800
Interest expense	930	930
Net income before taxes	17,670	6,870
Income taxes	7,068	2,748
Net income	10,602	4,122
Dividends to common stockholders	200	500
Net income added to retained earnings	10,402	3,622
Beginning retained earnings	35,062	31,440
Ending retained earnings	$ 45,464	$ 35,062

Compute the following financial ratios for this year:

1. Times interest earned ratio.

2. Debt-to-equity ratio.

3. Equity multiplier.