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 company's common stock at the end of this year was $22. All of the company's sales are on account Weller Corporation Comparative Balance Sheet dollara in thousands This Year Last Year Assets Current assets Cash $ 1,270 $1,260 Accounts receivable, net 10.900 8.100 Inventory 13.500 11,700 Prepaid expenses 760 660 Total current assets 26, 430 21,220 Property and equipment Land 9,100 9.100 Buildings and equipment, net 44, 196 38,658 Total property and equipment 53,296 42.758 Total annet $ 79,726 $.69, 478 Liabilities and stockholders' Equity Current liabilities Accounts payable 520,400 $ 18,300 Accrued liabilities 1,080 710 Notes payable, short term 0 300 Total current liabilities 21,480 19.310 Long-term liabilities: Bondu payable 3,700 8,700 Total liabilities 30, 180 28.010 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 43.546 35,468 Total stockholders' equity 49.546 41.468 Total liabilities and stockholders' equity $ 79,726 $ 69,478 Last Year $ 65,000 39,000 26,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 74,000 Cost of goods sold 41,000 Gross margin 33,000 Selling and administrative expenses: Selling expenses 10,900 Administrative expenses 7,300 Total selling and administrative expenses 18,200 Net operating income 14,800 Interest expense 870 Net income before taxes 13,930 Income taxes 5,572 Net income 8,358 Dividends to common stockholders Net income added to retained earnings 8,078 Beginning retained earnings 35, 468 Ending retained earnings $ 43,546 10,100 6,900 17,000 9,000 870 8,130 3,252 4,878 350 4,528 30,940 $ 35,468 280 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 eamed ratio 2. Debt-to-equity ratio 3. Equity multiplier