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 $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, 140 $ 1,330 Accounts receivable, net 10, 600 8,400 Inventory 13, 600 12,300 Prepaid expenses 650 686 Total current assets 25,990 22,710 Property and equipment: Land 9, 800 9,808 Buildings and equipment, net 43,794 38,542 Total property and equipment 53,594 48,342 Total assets $79, 584 $71, 052 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19, 800 $18,400 Accrued liabilities 940 818 Notes payable, short term 210 Total current liabilities 20, 740 19,420 Long-term liabilities: Bonds payable 9,800 9,808 Total liabilities 30,540 29,220 Stockholders' equity: Common stock 2,000 2,080 Additional paid-in capital 4,060 4,090 Total paid-in capital 6,800 6,080 Retained earnings 43, 044 35,832 Total stockholders' equity 49, 844 41,832 Total liabilities and stockholders' equity $79, 584 $71, 052 Weller Corporation Comparative Income Statement and ReconciliationWeller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $66, 208 $64, 098 Cost of goods sold 35, 200 37,090 Gross margin 31, 209 27, 098 Selling and administrative expenses: Selling expenses 11, 208 11, 096 Administrative expenses 6,408 6,708 Total selling and administrative expenses 17,609 17,708 Net operating income 13, 408 9,308 Interest expense 980 980 Net income before taxes 12, 428 8, 320 Income taxes 4,968 3,328 Net income 7,452 4,992 Dividends to common stockholders 248 Net income added to retained earnings 7, 212 4, 392 Beginning retained earnings 35,832 31, 448 Ending retained earnings $43,944 $35, 832 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.) 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier