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 $24. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year 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 Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital $ 1,200 $ 1,260 10,200 12,200 650 6,700 11,800 550 24,250 20,310 9,800 9,800 51,566 41,888 61,366 51,688 $ 85,616 $ 71,998 $ 19,300 18,700 1,100 740 0 200 20,400 19,640 8,700 8,700 29,100 28,340 2,000 2,000 4,000 4,000 Total paid-in capital 6,000 6,000 Retained earnings 50,516 37,658 Total stockholders' equity 56,516 43,658 Total liabilities and stockholders' equity $ 85,616 $ 71,998 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 75,000 $ 65,000 Net income Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes 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: 34,000 36,000 41,000 29,000 11,200 10,700 7,100 6,400 18,300 17,100 22,700 11,900 870 870 21,830 11,030 8,732 4,412 13,098 6,618 240 300 12,858 37,658 6,318 31,340 $ 50,516 $ 37,658 1. Times interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier. Note: For all requirements, round your answers to 2 decimal places. Answer is complete but not entirely correct. 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier 26.09 0.51 1.52