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 $29. 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	$ 1,330
Accounts receivable, net	9,300	7,300
Inventory	12,300	12,400
Prepaid expenses	700	510
Total current assets	23,520	21,540
Property and equipment:
Land	9,200	9,200
Buildings and equipment, net	46,976	35,928
Total property and equipment	56,176	45,128
Total assets	$ 79,696	$ 66,668
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 18,500	$ 17,500
Accrued liabilities	1,000	870
Notes payable, short term	0	230
Total current liabilities	19,500	18,600
Long-term liabilities:
Bonds payable	9,200	9,200
Total liabilities	28,700	27,800
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	44,996	32,868
Total stockholders' equity	50,996	38,868
Total liabilities and stockholders' equity	$ 79,696	$ 66,668

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 75,000	$ 65,000
Cost of goods sold	35,000	42,000
Gross margin	40,000	23,000
Selling and administrative expenses:
Selling expenses	11,300	10,800
Administrative expenses	7,100	6,900
Total selling and administrative expenses	18,400	17,700
Net operating income	21,600	5,300
Interest expense	920	920
Net income before taxes	20,680	4,380
Income taxes	8,272	1,752
Net income	12,408	2,628
Dividends to common stockholders	280	700
Net income added to retained earnings	12,128	1,928
Beginning retained earnings	32,868	30,940
Ending retained earnings	$ 44,996	$ 32,868

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.)