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 companys common stock at the end of this year was $21. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,260	$ 1,390
Accounts receivable, net	10,700	7,100
Inventory	13,700	12,000
Prepaid expenses	750	540
Total current assets	26,410	21,030
Property and equipment:
Land	9,500	9,500
Buildings and equipment, net	45,698	41,474
Total property and equipment	55,198	50,974
Total assets	$ 81,608	$ 72,004
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,000	$ 17,700
Accrued liabilities	990	840
Notes payable, short term	0	210
Total current liabilities	19,990	18,750
Long-term liabilities:
Bonds payable	9,600	9,600
Total liabilities	29,590	28,350
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	46,018	37,654
Total stockholders' equity	52,018	43,654
Total liabilities and stockholders' equity	$ 81,608	$ 72,004

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 71,000	$ 65,000
Cost of goods sold	38,000	35,000
Gross margin	33,000	30,000
Selling and administrative expenses:
Selling expenses	10,600	10,200
Administrative expenses	7,100	6,900
Total selling and administrative expenses	17,700	17,100
Net operating income	15,300	12,900
Interest expense	960	960
Net income before taxes	14,340	11,940
Income taxes	5,736	4,776
Net income	8,604	7,164
Dividends to common stockholders	240	450
Net income added to retained earnings	8,364	6,714
Beginning retained earnings	37,654	30,940
Ending retained earnings	$ 46,018	$ 37,654

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.)