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 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 $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,100		$	1,310
Accounts receivable, net		10,600			7,500
Inventory		12,200			10,700
Prepaid expenses		620			530
Total current assets		24,520			20,040
Property and equipment:
Land		10,400			10,400
Buildings and equipment, net		45,274			40,822
Total property and equipment		55,674			51,222
Total assets	$	80,194		$	71,262
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,400		$	18,500
Accrued liabilities		1,080			770
Notes payable, short term		0			150
Total current liabilities		20,480			19,420
Long-term liabilities:
Bonds payable		9,800			9,800
Total liabilities		30,280			29,220
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		43,914			36,042
Total stockholders' equity		49,914			42,042
Total liabilities and stockholders' equity	$	80,194		$	71,262

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	68,000		$	65,000
Cost of goods sold		35,000			39,000
Gross margin		33,000			26,000
Selling and administrative expenses:
Selling expenses		11,000			10,000
Administrative expenses		7,000			6,100
Total selling and administrative expenses		18,000			16,100
Net operating income		15,000			9,900
Interest expense		980			980
Net income before taxes		14,020			8,920
Income taxes		5,608			3,568
Net income		8,412			5,352
Dividends to common stockholders		540			750
Net income added to retained earnings		7,872			4,602
Beginning retained earnings		36,042			31,440
Ending retained earnings	$	43,914		$	36,042

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.)