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 bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the companys common stock at the end of the year was $24. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,260		$	1,380
Accounts receivable, net		9,600			8,200
Inventory		12,200			11,000
Prepaid expenses		770			520
Total current assets		23,830			21,100
Property and equipment:
Land		10,000			10,000
Buildings and equipment, net		44,866			37,968
Total property and equipment		54,866			47,968
Total assets	$	78,696		$	69,068
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,300		$	17,800
Accrued liabilities		940			770
Notes payable, short term		0			280
Total current liabilities		20,240			18,850
Long-term liabilities:
Bonds payable		9,700			9,700
Total liabilities		29,940			28,550
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		42,756			34,518
Total stockholders' equity		48,756			40,518
Total liabilities and stockholders' equity	$	78,696		$	69,068

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	73,000		$	64,000
Cost of goods sold		40,000			38,000
Gross margin		33,000			26,000
Selling and administrative expenses:
Selling expenses		11,200			11,000
Administrative expenses		6,700			6,900
Total selling and administrative expenses		17,900			17,900
Net operating income		15,100			8,100
Interest expense		970			970
Net income before taxes		14,130			7,130
Income taxes		5,652			2,852
Net income		8,478			4,278
Dividends to common stockholders		240			600
Net income added to retained earnings		8,238			3,678
Beginning retained earnings		34,518			30,840
Ending retained earnings	$	42,756		$	34,518

Required:

Compute the following financial ratios for this year:

1.	Times interest earned ratio. (Round your answer to 1 decimal place.)

2.	Debt-to-equity ratio. (Round your answer to 2 decimal places.)

3.	Equity multiplier. (Round your answer to 2 decimal places.)