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 $28. 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 $ 1,220 10,800 13,600 660 26,280 $ 1,350 6,900 11,200 600 20,050 11,000 46,892 57,892 $84,172 11,000 38,026 49,026 $69, 076 $20,200 Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 1,010 $18,800 800 260 19,860 0 21,210 9,900 31, 110 9,900 29,760 2,000 4,000 6,000 47,062 53,062 $ 84,172 2,000 4,000 6,000 33,316 39,316 $69,076 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $75,000 $64,000 Cost of goods sold 33,000 41,000 Crno margin Ann 73000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $75,000 $64,000 Cost of goods sold 33,000 41,000 Gross margin 42,000 23,000 Selling and administrative expenses: Selling expenses 10,600 10,000 Administrative expenses 7,100 6,800 Total selling and administrative expenses 17,700 16,800 Net operating income 24,300 6, 200 Interest expense 990 990 Net income before taxes 23,310 5, 210 Income taxes 9, 324 2,084 Net income 13,986 3,126 Dividends to common stockholders 240 450 Net income added to retained earnings 13,746 2,676 Beginning retained earnings 33,316 30,640 Ending retained earnings $ 47,062 $33,316 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. 2. Times interest earned ratio Debt-to-equity ratio Equity multiplier 3