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 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 the year was $22. 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 $ 1,220 $ 1,370 Accounts receivable, net 9, 200 B, 100 Inventory 14,000 11,200 Prepaid expenses 740 520 Total current assets 25, 160 21, 190 Property and equipment: Land 9,900 9,900 Buildings and equipment, net 46,870 42,590 Total property and equipment 56, 770 52,490 Total assets $81,930 $73, 680 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $19,300 $19,300 Accrued liabilities 970 890 Notes payable, short term 0 140 Total current liabilities 20,270 20, 330 Long-term 1. abilities: Bonds payable B, 500 B, 500 Total liabilities 2B, 770 28,830 Stockholders' equity: Common stock 2,000 2,000 Additional paid-in capital 4,000 4,000 Total paidan capital 6,000 6,000 Retained earnings 47,160 38,850 Total stockholders' equity 53, 160 44,850 Total liabilities and stockholders' equity $81,930 $73, 680 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands This Year Last Year Sales $69,000 $65,000 Cost of goods sold 36,000 35,000 Gross margin 33,000 30,000 Selling and administrative expenses: Selling expenses 11,400 10,300 Administrative expenses 6,500 6,000 Total selling and administrative expenses 17,900 16,300 Net operating income 15, 100 13,700 Interest expense 850 850 Net income before taxes 14,250 12,850 Income taxes 5,700 5,140 Net income B, 550 7, 710 Dividends to common stockholders 240 300 Net income added to retained earnings B, 310 7,410 Beginning retained earnings 38,850 31,440 Ending retained earnings $ 47,160 $38,850 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. 3. Times interest earned ratio Debt-to-equity ratio Equity multiplier