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 $22. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,220	$ 1,380
Accounts receivable, net	9,100	8,500
Inventory	13,500	11,400
Prepaid expenses	790	650
Total current assets	24,610	21,930
Property and equipment:
Land	10,600	10,600
Buildings and equipment, net	47,760	40,200
Total property and equipment	58,360	50,800
Total assets	$ 82,970	$ 72,730
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,000	$ 18,500
Accrued liabilities	900	890
Notes payable, short term	0	250
Total current liabilities	19,900	19,640
Long-term liabilities:
Bonds payable	9,000	9,000
Total liabilities	28,900	28,640
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	48,070	38,090
Total stockholders' equity	54,070	44,090
Total liabilities and stockholders' equity	$ 82,970	$ 72,730

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 72,000	$ 64,000
Cost of goods sold	36,000	35,000
Gross margin	36,000	29,000
Selling and administrative expenses:
Selling expenses	11,200	10,200
Administrative expenses	6,800	6,400
Total selling and administrative expenses	18,000	16,600
Net operating income	18,000	12,400
Interest expense	900	900
Net income before taxes	17,100	11,500
Income taxes	6,840	4,600
Net income	10,260	6,900
Dividends to common stockholders	280	350
Net income added to retained earnings	9,980	6,550
Beginning retained earnings	38,090	31,540
Ending retained earnings	$ 48,070	$ 38,090

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.)