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 $$0\mathrm{.}75$ last year and $$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 $ $1,130$ $ $1,280$

Accounts receivable, net $9,2006,700$

Inventory $13,30011,900$

Prepaid expenses $700580$

Total current assets $24,33020,460$

Property and equipment:

Land $9,1009,100$

Buildings and equipment, net $43,30841,174$

Total property and equipment $52,40850,274$

Total assets $ $76,738$ $ $70,734$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $18,800$ $ $19,300$

Accrued liabilities $990750$

Notes payable, short term $0230$

Total current liabilities $19,79020,280$

Long$-$term liabilities:

Bonds payable $8,1008,100$

Total liabilities $27,89028,380$

Stockholders' equity:

Common stock $2,0002,000$

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

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

Retained earnings $42,84836,354$

Total stockholders' equity $48,84842,354$

Total liabilities and stockholders' equity $ $76,738$ $ $70,734$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $73,000$ $ $65,000$

Cost of goods sold $43,00038,000$

Gross margin $30,00027,000$

Selling and administrative expenses:

Selling expenses $10,70010,800$

Administrative expenses $7,2006,200$

Total selling and administrative expenses $17,90017,000$

Net operating income $12,10010,000$

Interest expense $810810$

Net income before taxes $11,2909,190$

Income taxes $4,5163,676$

Net income $6,7745,514$

Dividends to common stockholders $280700$

Net income added to retained earnings $6,4944,814$

Beginning retained earnings $36,35431,540$

Ending retained earnings $ $42,848$ $ $36,354$

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.$)$