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$$s common stock at the end of this year was $$24.$ 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 $ $1,120$ $ $1,370$

Accounts receivable, net $10,3007,600$

Inventory $13,70010,900$

Prepaid expenses $750650$

Total current assets $25,87020,520$

Property and equipment:

Land $10,20010,200$

Buildings and equipment, net $45,50642,538$

Total property and equipment $55,70652,738$

Total assets $ $81,576$ $ $73,258$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $18,700$ $ $18,300$

Accrued liabilities $970730$

Notes payable, short term $0280$

Total current liabilities $19,67019,310$

Long$-$term liabilities:

Bonds payable $8,7008,700$

Total liabilities $28,37028,010$

Stockholders' equity:

Common stock $2,0002,000$

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

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

Retained earnings $47,20639,248$

Total stockholders' equity $53,20645,248$

Total liabilities and stockholders' equity $ $81,576$ $ $73,258$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $72,000$ $ $65,000$

Cost of goods sold $40,00033,000$

Gross margin $32,00032,000$

Selling and administrative expenses:

Selling expenses $10,50010,300$

Administrative expenses $6,9006,900$

Total selling and administrative expenses $17,40017,200$

Net operating income $14,60014,800$

Interest expense $870870$

Net income before taxes $13,73013,930$

Income taxes $5,4925,572$

Net income $8,2388,358$

Dividends to common stockholders $280350$

Net income added to retained earnings $7,9588,008$

Beginning retained earnings $39,24831,240$

Ending retained earnings $ $47,206$ $ $39,248$

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.