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. Th 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 $23. All of the company's sale are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,090 9, 100 13,900 650 24,740 $ 1,360 7,600 11,400 690 21,050 9,500 43,023 52,523 $77, 263 9,500 38, 119 47,619 $68,669 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: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $18,900 1,050 0 19,950 $18,800 870 120 19,790 9, 100 29,050 9,100 28,890 2,000 4,000 6,000 42, 213 48,213 $77, 263 2,000 4,000 6,000 33,779 39,779 $68, 669 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $74,000 $65,000 Cost of goods sold 41,000 41,000 Gross margin 33,000 24,000 Selling and administrative expenses: Selling expenses 10,800 10,700 Administrative expenses 6,900 6,700 Total selling and administrative expenses 17,700 17,400 Net operating income 15,300 6,600 Interest expense 910 910 Net income before taxes 14,390 5,690 Income taxes 5,756 2,276 Net income 8,634 3,414 Dividends to common stockholders 200 375 Net income added to retained earnings 8,434 3,039 Beginning retained earnings 33,779 30,740 Ending retained earnings $42,213 $33,779 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