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's, 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 $ 1, 178 $ 1,310 Accounts receivable, net 9, 180 8,308 Inventory 13, 806 11, 360 Prepaid expenses 680 1540 Total current assets Property and equipment: Land 9.909 9,900 Buildings and equipment, net 45,580 39,050 Total property and equipment 55, 489 Total assets $ 89.230 $ 76, 490 Liabilities and Stockholders Equity Current liabilities: Accounts payable $ 19 109 Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable 8 600 Total liabilities 29 .050 Stockholders' equity: Common stock 2,600 Additional paid-in capital Total paid in capital 6.090 Retained earnings Total stockholders equity Total liabilities and stockholders equity $ 80, 230 $ 79, 408 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 72,090 $ 65,900 Cost of goods sold 138,090 138,900 Gross margin 34, 000 27 060 Selling and administrative expenses: Selling expenses 1e, 900 10, 560 Administrative expenses 7,090 6,906 total selling and administrative expenses 17,900 16,500 Net operating income 6,109 10, 500 Interest expense 906 900 Net income before taxes 5,200 3, 600 Income taxes 5080 3, 840 Net income 9,120 5, 760 Dividends to common stockholders 240 600 Net income added to retained earnings 8,880 5,160 Beginning retained earnings 36,300 31,140 Ending retained earnings $ 45,180 $ 36, 300 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