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 $500,000$ 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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$25.$ 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 $ $1,240$ $ $1,320$

Accounts receivable, net $10,1007,400$

Inventory $13,30010,900$

Prepaid expenses $660570$

Total current assets $25,30020,190$

Property and equipment:

Land $9,1009,100$

Buildings and equipment, net $43,63440,232$

Total property and equipment $52,73449,332$

Total assets $ $78,034$ $ $69,522$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $20,500$ $ $18,600$

Accrued liabilities $1,070770$

Notes payable, short term $0160$

Total current liabilities $21,57019,530$

Long$-$term liabilities:

Bonds payable $8,8008,800$

Total liabilities $30,37028,330$

Stockholders' equity:

Common stock $2,0002,000$

Additional paid$-$in capital $4,0004,000$

Total paid$-$in capital $6,0006,000$

Retained earnings $41,66435,192$

Total stockholders' equity $47,66441,192$

Total liabilities and stockholders' equity $ $78,034$ $ $69,522$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $68,000$ $ $65,000$

Cost of goods sold $38,00040,000$

Gross margin $30,00025,000$

Selling and administrative expenses:

Selling expenses $11,20010,900$

Administrative expenses $6,8006,300$

Total selling and administrative expenses $18,00017,200$

Net operating income $12,0007,800$

Interest expense $880880$

Net income before taxes $11,1206,920$

Income taxes $4,4482,768$

Net income $6,6724,152$

Dividends to common stockholders $200500$

Net income added to retained earnings $6,4723,652$

Beginning retained earnings $35,19231,540$

Ending retained earnings $ $41,664$ $ $35,192$

Required:

Compute the following financial ratios for this year:

Times interest earned ratio.

Debt$-$to$-$equity ratio.

Equity multiplier.

Note: For all requirements, round your answers to $2$ decimal places.