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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$21.$ 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 $ $1,160$ $ $1,380$

Accounts receivable, net $10,7007,800$

Inventory $12,70012,000$

Prepaid expenses $730510$

Total current assets $25,29021,690$

Property and equipment:

Land $9,3009,300$

Buildings and equipment, net $44,73339,709$

Total property and equipment $54,03349,009$

Total assets $ $79,323$ $ $70,699$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $19,400$ $ $17,600$

Accrued liabilities $1,020740$

Notes payable, short term $0190$

Total current liabilities $20,42018,530$

Long$-$term liabilities:

Bonds payable $9,1009,100$

Total liabilities $29,52027,630$

Stockholders' equity:

Common stock $2,0002,000$

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

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

Retained earnings $43,80337,069$

Total stockholders' equity $49,80343,069$

Total liabilities and stockholders' equity $ $79,323$ $ $70,699$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $67,000$ $ $65,000$

Cost of goods sold $37,00037,000$

Gross margin $30,00028,000$

Selling and administrative expenses:

Selling expenses $10,70010,100$

Administrative expenses $6,7006,900$

Total selling and administrative expenses $17,40017,000$

Net operating income $12,60011,000$

Interest expense $910910$

Net income before taxes $11,69010,090$

Income taxes $4,6764,036$

Net income $7,0146,054$

Dividends to common stockholders $280525$

Net income added to retained earnings $6,7345,529$

Beginning retained earnings $37,06931,540$

Ending retained earnings $ $43,803$ $ $37,069$

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.$)$