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%, 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 $26. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,130	$ 1,400
Accounts receivable, net	9,500	8,000
Inventory	12,200	11,000
Prepaid expenses	700	540
Total current assets	23,530	20,940
Property and equipment:
Land	9,300	9,300
Buildings and equipment, net	55,098	43,154
Total property and equipment	64,398	52,454
Total assets	$ 87,928	$ 73,394
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,600	$ 17,500
Accrued liabilities	1,070	770
Notes payable, short term	0	190
Total current liabilities	20,670	18,460
Long-term liabilities:
Bonds payable	9,600	9,600
Total liabilities	30,270	28,060
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	51,658	39,334
Total stockholders' equity	57,658	45,334
Total liabilities and stockholders' equity	$ 87,928	$ 73,394

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 74,000	$ 64,000
Cost of goods sold	34,000	32,000
Gross margin	40,000	32,000
Selling and administrative expenses:
Selling expenses	11,200	10,800
Administrative expenses	6,900	6,500
Total selling and administrative expenses	18,100	17,300
Net operating income	21,900	14,700
Interest expense	960	960
Net income before taxes	20,940	13,740
Income taxes	8,376	5,496
Net income	12,564	8,244
Dividends to common stockholders	240	450
Net income added to retained earnings	12,324	7,794
Beginning retained earnings	39,334	31,540
Ending retained earnings	$ 51,658	$ 39,334

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.)