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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}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 $ $1,200$ $ $1,390$

Accounts receivable, net $10,0008,000$

Inventory $13,40010,800$

Prepaid expenses $700570$

Total current assets $25,30020,760$

Property and equipment:

Land $9,1009,100$

Buildings and equipment, net $47,70039,100$

Total property and equipment $56,80048,200$

Total assets $ $82,100$ $ $68,960$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $18,900$ $ $18,300$

Accrued liabilities $990730$

Notes payable, short term $0210$

Total current liabilities $19,89019,240$

Long$-$term liabilities:

Bonds payable $9,5009,500$

Total liabilities $29,39028,740$

Stockholders' equity:

Common stock $2,0002,000$

Additional paid$-$in capital $4,0004,000$

Total paid$-$in capital $6,0006,000$

Retained earnings $46,71034,220$

Total stockholders' equity $52,71040,220$

Total liabilities and stockholders' equity $ $82,100$ $ $68,960$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $74,000$ $ $66,000$

Cost of goods sold $34,00042,000$

Gross margin $40,00024,000$

Selling and administrative expenses:

Selling expenses $10,70010,800$

Administrative expenses $7,2006,700$

Total selling and administrative expenses $17,90017,500$

Net operating income $22,1006,500$

Interest expense $950950$

Net income before taxes $21,1505,550$

Income taxes $8,4602,220$

Net income $12,6903,330$

Dividends to common stockholders $200250$

Net income added to retained earnings $12,4903,080$

Beginning retained earnings $34,22031,140$

Ending retained earnings $ $46,710$ $ $34,220$

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.$)$