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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 thls year. The market value of the company's common stock at the end of thls year was $29. All of the company's sales are on account.
Weller Corporation
Comparative Balance Slieet
(dollars in thousands)
Wellen corporation
Comparative Incane Statement and Reconciliation
(dollars in thousands)
Sales
Cost of goods sold
Gioss nargin
Selling and administrative expenses:
selling expenses
Adninistrative expenses
Total selling and adrinistrative expenses
Net operating incorve
Interest expense
Net incone before taxes
Incone taxes
Net Incone
Dividends to comen stockholders
Net incone added to retalned earnings
beginning netained easinings
Ending retalned earnings
Required:
Compute the following financial ratios for this year:
Times interest earned ratio.
2 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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