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 $30. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1.200 19. 14.ee $ 1,230 7.000 11,400 600 5.40 25,82 29,178 10.800 19.80 45, 186 55,906 $81.786 50, 158 $70.328 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: Connon stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $18.400 $19,89 1,600 740 20,00 150 19,290 9,200 29,20 9,200 28,490 2.ee 4.ee 2. eee 4.ee 6.680 46,506 52.506 $81.786 6,000 35.838 41.838 $79.328 Last Year $65,800 3 9, 26.888 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $75,000 Cost of goods sold 38. eee Gross margin 37.88 Selling and administrative expenses: Selling expenses 11.200 Administrative expenses 6,70 Total selling and administrative expenses 17,90 Net operating income 19.100 Interest expense Net income before taxes 18, 189 Income taxes 7.272 Net Income 18,9es Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings $46, 5e6 10,300 6,20 16,50 9.See 920 8.589 3,432 5,148 920 $35,838 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. 2. 3. Times interest earned ratio Debt-to-equity ratio Equity multiplier