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 company's common stock at the end of this year was $20. 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 $ 1,230 10,800 $ 1,290 7,100 12,400 12,200 610 570 25,040 21,160 11,000 11,000 42,142 34,916 53,142 45,916 $ 78,182 $ 67,076 Liabilities and Stockholders' Equity Current liabilities: 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 Weller Corporation $ 19,800 930 $ 18,800 840 180 20,730 19,820 8,400 8,400 29,130 28,220 2,000 2,000 4,000 4,000 6,000 6,000 43,052 32,856 49,052 38,856 $ 78,182 Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 71,000 35,000 $ 67,076 Last Year $ 64,000 Sales Cost of goods sold Gross margin 36,000 41,000 23,000 Selling and administrative expenses: Selling expenses 11,300 10,800 Administrative expenses 6,400 7,000 Total selling and administrative expenses 17,700 17,800 Net operating income 18,300 5,200 Interest expense 840 840 Net income before taxes Income taxes 17,460 6,984 4,360 1,744 Net income 10,476 2,616 280 700 10,196 32,856 1,916 30,940 $ 43,052 $ 32,856 Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 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