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 $$0\mathrm{.}75$ last year and $$0\mathrm{.}40$ this year. The market value of the company$$s common stock at the end of this year was $$24.$ 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 $ $1,200$ $ $1,260$

Accounts receivable, net $10,2006,700$

Inventory $12,20011,800$

Prepaid expenses $650550$

Total current assets $24,25020,310$

Property and equipment:

Land $9,8009,800$

Buildings and equipment, net $51,56641,888$

Total property and equipment $61,36651,688$

Total assets $ $85,616$ $ $71,998$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $19,300$ $ $18,700$

Accrued liabilities $1,100740$

Notes payable, short term $0200$

Total current liabilities $20,40019,640$

Long$-$term liabilities:

Bonds payable $8,7008,700$

Total liabilities $29,10028,340$

Stockholders' equity:

Common stock $2,0002,000$

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

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

Retained earnings $50,51637,658$

Total stockholders' equity $56,51643,658$

Total liabilities and stockholders' equity $ $85,616$ $ $71,998$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $75,000$ $ $65,000$

Cost of goods sold $34,00036,000$

Gross margin $41,00029,000$

Selling and administrative expenses:

Selling expenses $11,20010,700$

Administrative expenses $7,1006,400$

Total selling and administrative expenses $18,30017,100$

Net operating income $22,70011,900$

Interest expense $870870$

Net income before taxes $21,83011,030$

Income taxes $8,7324,412$

Net income $13,0986,618$

Dividends to common stockholders $240300$

Net income added to retained earnings $12,8586,318$

Beginning retained earnings $37,65831,340$

Ending retained earnings $ $50,516$ $ $37,658$

Required:

Compute the following financial ratios for this year:

Times interest earned ratio.

Debt$-$to$-$equity ratio.

Equity multiplier.

Note: For all requirements, round your answers to $2$ decimal places.