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. 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	$	1,210		$	1,350
Accounts receivable, net		10,700			7,700
Inventory		13,900			12,600
Prepaid expenses		750			510
Total current assets		26,560			22,160
Property and equipment:
Land		9,900			9,900
Buildings and equipment, net		41,042			37,356
Total property and equipment		50,942			47,256
Total assets	$	77,502		$	69,416
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,500		$	17,500
Accrued liabilities		970			750
Notes payable, short term		0			300
Total current liabilities		20,470			18,550
Long-term liabilities:
Bonds payable		8,900			8,900
Total liabilities		29,370			27,450
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		42,132			35,966
Total stockholders' equity		48,132			41,966
Total liabilities and stockholders' equity	$	77,502		$	69,416

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	71,000		$	66,000
Cost of goods sold		41,000			40,000
Gross margin		30,000			26,000
Selling and administrative expenses:
Selling expenses		11,400			10,300
Administrative expenses		6,600			6,600
Total selling and administrative expenses		18,000			16,900
Net operating income		12,000			9,100
Interest expense		890			890
Net income before taxes		11,110			8,210
Income taxes		4,444			3,284
Net income		6,666			4,926
Dividends to common stockholders		500			500
Net income added to retained earnings		6,166			4,426
Beginning retained earnings		35,966			31,540
Ending retained earnings	$	42,132		$	35,966

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.)