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 $0.75 last year and $0.40 this year. The market value of the companys common stock at the end of this year was $22. All of the companys sales are on account.

Weller Corporation
Comparative Balance Sheet
(dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,180	$ 1,360
Accounts receivable, net	10,500	7,100
Inventory	13,000	12,600
Prepaid expenses	760	600
Total current assets	25,440	21,660
Property and equipment:
Land	11,000	11,000
Buildings and equipment, net	48,194	38,802
Total property and equipment	59,194	49,802
Total assets	$ 84,634	$ 71,462
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,200	$ 17,400
Accrued liabilities	970	900
Notes payable, short term	0	300
Total current liabilities	21,170	18,600
Long-term liabilities:
Bonds payable	8,300	8,300
Total liabilities	29,470	26,900
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	49,164	38,562
Total stockholders' equity	55,164	44,562
Total liabilities and stockholders' equity	$ 84,634	$ 71,462

Weller Corporation
Comparative Income Statement and Reconciliation
(dollars in thousands)
	This Year	Last Year
Sales	$ 71,000	$ 66,000
Cost of goods sold	34,000	34,000
Gross margin	37,000	32,000
Selling and administrative expenses:
Selling expenses	11,300	10,300
Administrative expenses	6,800	7,000
Total selling and administrative expenses	18,100	17,300
Net operating income	18,900	14,700
Interest expense	830	830
Net income before taxes	18,070	13,870
Income taxes	7,228	5,548
Net income	10,842	8,322
Dividends to common stockholders	240	600
Net income added to retained earnings	10,602	7,722
Beginning retained earnings	38,562	30,840
Ending retained earnings	$ 49,164	$ 38,562

Required:

Compute the following financial ratios for this year:

Times interest earned ratio.

Debt-to-equity ratio.

Equity multiplier.