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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

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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 $24. All of the company's sales are on account. Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} 0 & 130 \\ \hline 21,240 & 19,670 \end{tabular} Weller Corporation Sales Cost of goods sold Gross margin Selling and administrative expenses : Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Wet income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings \begin{tabular}{rr} 8,300 & 8,300 \\ \hline 29,540 & 27,970 \\ \hline \end{tabular} \begin{tabular}{rr} 2,000 & 2,000 \\ 4,000 & 4,000 \\ \hline 6,000 & 6,000 \end{tabular} \begin{tabular}{rr} 45,859 & 36,857 \\ \hline 51,859 & 42,857 \\ \hline$81,399 & $70,827 \\ \hline \end{tabular} Bnding retained earnings \begin{tabular}{rr} 11,000 & 10,000 \\ 6,700 & 6,600 \\ \hline 17,700 & 16,600 \\ \hline 16,300 & 11,400 \\ 830 & 830 \\ \hline 15,470 & 10,570 \\ 6,188 & 4,228 \\ \hline 9,282 & 6,342 \\ 280 & 525 \\ \hline 9,002 & 5,817 \\ 36,857 & 31,040 \\ \hline$45,859 & $36,857 \\ \hline \end{tabular} 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.)

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