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 $27. 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 $ 1,270 $ 1,330 10,100 13,600 6,800 11,400 790 520 25,760 20,050 9,200 9,200 43,372 42,856 52,572 52,056 $ 78,332 $ 72,106 $ 18,900 $ 18,600 1,030 840 0 19,930 150 19,590 9,900 9,900 29,830 29,490 2,000 2,000 Additional paid-in capital 4,000 4,000 6,000 6,000 Retained earnings 42,502 36,616 Total stockholders' equity 48,502 42,616 Total liabilities and stockholders' equity $ 78,332 $ 72,106 Stockholders' equity: Common stock Total paid-in capital Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 68,000 $ 65,000 Cost of goods sold 39,000 36,000 Gross margin 29,000 29,000 Selling and administrative expenses: Selling expenses 11,300 10,800 Administrative expenses 6,500 6,500 Total selling and administrative expenses 17,800 17,300 Net operating income 11,200 11,700 Interest expense 990 990 Net income before taxes 10,210 10,710 Income taxes 4,084 4,284 Net income 6,126 6,426 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 240 450 5,886 36,616 5,976 30,640 $ 42,502 $ 36,616 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. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier