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 last year and $0.40 this year. The market value of the companys common stock at the end of this year was $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,210	$ 1,310
Accounts receivable, net	9,400	8,000
Inventory	13,600	12,300
Prepaid expenses	770	510
Total current assets	24,980	22,120
Property and equipment:
Land	10,800	10,800
Buildings and equipment, net	45,954	40,862
Total property and equipment	56,754	51,662
Total assets	$ 81,734	$ 73,782
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,200	$ 17,500
Accrued liabilities	1,060	840
Notes payable, short term	0	190
Total current liabilities	21,260	18,530
Long-term liabilities:
Bonds payable	9,300	9,300
Total liabilities	30,560	27,830
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	45,174	39,952
Total stockholders' equity	51,174	45,952
Total liabilities and stockholders' equity	$ 81,734	$ 73,782

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 71,000	$ 66,000
Cost of goods sold	43,000	33,000
Gross margin	28,000	33,000
Selling and administrative expenses:
Selling expenses	11,000	10,100
Administrative expenses	6,900	6,700
Total selling and administrative expenses	17,900	16,800
Net operating income	10,100	16,200
Interest expense	930	930
Net income before taxes	9,170	15,270
Income taxes	3,668	6,108
Net income	5,502	9,162
Dividends to common stockholders	280	350
Net income added to retained earnings	5,222	8,812
Beginning retained earnings	39,952	31,140
Ending retained earnings	$ 45,174	$ 39,952

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.)