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$$s common stock at the end of this year was $$27.$ 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 $ $1,220$ $ $1,280$

Accounts receivable, net $10,9006,700$

Inventory $13,20011,000$

Prepaid expenses $730660$

Total current assets $26,05019,640$

Property and equipment:

Land $9,5009,500$

Buildings and equipment, net $43,78641,128$

Total property and equipment $53,28650,628$

Total assets $ $79,336$ $ $70,268$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $20,000$ $ $19,200$

Accrued liabilities $990730$

Notes payable, short term $0230$

Total current liabilities $20,99020,160$

Long$-$term liabilities:

Bonds payable $8,7008,700$

Total liabilities $29,69028,860$

Stockholders' equity:

Common stock $2,0002,000$

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

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

Retained earnings $43,64635,408$

Total stockholders' equity $49,64641,408$

Total liabilities and stockholders' equity $ $79,336$ $ $70,268$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $74,000$ $ $65,000$

Cost of goods sold $41,00038,000$

Gross margin $33,00027,000$

Selling and administrative expenses:

Selling expenses $11,10010,900$

Administrative expenses $6,9006,700$

Total selling and administrative expenses $18,00017,600$

Net operating income $15,0009,400$

Interest expense $870870$

Net income before taxes $14,1308,530$

Income taxes $5,6523,412$

Net income $8,4785,118$

Dividends to common stockholders $240450$

Net income added to retained earnings $8,2384,668$

Beginning retained earnings $35,40830,740$

Ending retained earnings $ $43,646$ $ $35,408$

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.$)$