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 700,000 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 lost year and $0.40 this year. The market value of the company's common stock at the end of this year was $29. 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: Buildings and equipment, net Land Total property and equipment Total assets $ 1,150 9,600 $1,280 12,100 738 7,200 11,200 510 23,580 28,198 10,700 10,700 52,053 43,119 62,753 53,819 Liabilities and Stockholders' Equity Current liabilities: $ 86,333 $ 74,009 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 Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 19,600 1,010 $ 18,300 820 160 20,610 19,280 9,100 9,100 29,710 28,380 2,000 2,000 4,000 4,000 6,000 6,000 50,623 39,629 56,623 45,629 $ 86,333 $ 74,009 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales Cost of goods sold $ 75,000 38,000 $ 65,000 33,000 Gross margin 37,000 32,000 Selling and administrative expenses: Selling expenses 10,700 10,300 Administrative expenses 6,680 6,100 Total selling and administrative expenses 17,300 16,400 Net operating income 19,700 15,600 Interest expense 918 910 Net income before taxes Income taxes Net income Dividends to common stockholders 18,790 7,516 11,274 280 14,690 5,876 8,814 525 Net income added to retained earnings Beginning retained earnings 10,994 39,629 8,289 31,340 Ending retained earnings $ 50,623 $ 39,629 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. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier