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$$s common stock at the end of this year was $$27.$ 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 $ $1,100$ $ $1,320$

Accounts receivable, net $9,1007,400$

Inventory $13,70011,000$

Prepaid expenses $790580$

Total current assets $24,69020,300$

Property and equipment:

Land $10,20010,200$

Buildings and equipment, net $41,91536,925$

Total property and equipment $52,11547,125$

Total assets $ $76,805$ $ $67,425$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $20,200$ $ $17,600$

Accrued liabilities $950860$

Notes payable, short term $0260$

Total current liabilities $21,15018,720$

Long$-$term liabilities:

Bonds payable $8,5008,500$

Total liabilities $29,65027,220$

Stockholders' equity:

Common stock $2,0002,000$

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

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

Retained earnings $41,15534,205$

Total stockholders' equity $47,15540,205$

Total liabilities and stockholders' equity $ $76,805$ $ $67,425$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $70,000$ $ $65,000$

Cost of goods sold $39,00041,000$

Gross margin $31,00024,000$

Selling and administrative expenses:

Selling expenses $11,20010,300$

Administrative expenses $6,9006,200$

Total selling and administrative expenses $18,10016,500$

Net operating income $12,9007,500$

Interest expense $850850$

Net income before taxes $12,0506,650$

Income taxes $4,8202,660$

Net income $7,2303,990$

Dividends to common stockholders $280525$

Net income added to retained earnings $6,9503,465$

Beginning retained earnings $34,20530,740$

Ending retained earnings $ $41,155$ $ $34,205$

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.