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Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 3 1 appear below. The company did not issue any new

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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 company's common stock at the end of this year was $22. All of the company's sales are on account.
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.
\table[[1. Times interest earned ratio,],[2. Debt-to-equity ratio,],[3. Equity multiplier,]]
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