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 500,000 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 $ 1,220 10,400 13,600 760 25,980 $ 1,350 7,300 10, 700 610 19,960 Assets Current assets: Cash 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: 9,800 44,265 54,065 $80,045 9,800 39,695 49,495 $69,455 $20,100 920 0 21,020 $19,000 770 150 19,920 8,500 29,520 8,500 28, 420 Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2,000 4,000 6,000 44,525 50,525 $80,045 2,000 4,000 6,000 35,035 41,035 $69,455 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $69,000 $64,000 Cost of goods sold 34,000 39,000 Gross margin 35,000 25,000 Selling and administrative expenses: Selling expenses 11,400 10,200 Administrative expenses 6,600 6,500 Total selling and administrative expenses 18,000 16,700 Net operating income 17,000 8,300 Interest expense 850 850 Net income before taxes 16,150 7,450 Income taxes 6, 460 2,980 Net income 9,690 4,470 Dividends to common stockholders 200 375 Net income added to retained earnings 9,490 4,095 Beginning retained earnings 35,035 30,940 Ending retained earnings $44,525 $35,035 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