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 $0.75 last year and $0.40 this year. The market value of the companys common stock at the end of this year was $24. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,220	$ 1,320
Accounts receivable, net	10,400	7,600
Inventory	13,200	11,200
Prepaid expenses	730	540
Total current assets	25,550	20,660
Property and equipment:
Land	9,800	9,800
Buildings and equipment, net	49,355	40,905
Total property and equipment	59,155	50,705
Total assets	$ 84,705	$ 71,365
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,600	$ 19,100
Accrued liabilities	930	850
Notes payable, short term	0	220
Total current liabilities	20,530	20,170
Long-term liabilities:
Bonds payable	9,000	9,000
Total liabilities	29,530	29,170
Stockholders' equity:
Common stock	2,000	2,000
Additional paid-in capital	4,000	4,000
Total paid-in capital	6,000	6,000
Retained earnings	49,175	36,195
Total stockholders' equity	55,175	42,195
Total liabilities and stockholders' equity	$ 84,705	$ 71,365

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 76,000	$ 65,000
Cost of goods sold	35,000	37,000
Gross margin	41,000	28,000
Selling and administrative expenses:
Selling expenses	10,600	10,700
Administrative expenses	7,400	6,100
Total selling and administrative expenses	18,000	16,800
Net operating income	23,000	11,200
Interest expense	900	900
Net income before taxes	22,100	10,300
Income taxes	8,840	4,120
Net income	13,260	6,180
Dividends to common stockholders	280	525
Net income added to retained earnings	12,980	5,655
Beginning retained earnings	36,195	30,540
Ending retained earnings	$ 49,175	$ 36,195

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.)