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 $21. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands ) This Year Last Year $ 1,110 10,600 12,500 720 24,930 $ 1,220 7,500 11,000 550 20,270 9,900 40,832 50,732 $ 75,662 9,900 40, 056 49,956 $ 70,226 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities 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 $ 19,300 1,010 @ 20, 310 $ 19,000 840 250 20,090 9,400 29, 710 9,400 29,490 2,000 4,000 6,000 39,952 45,952 $ 75,662 2,000 4,000 6,000 34,736 40,736 $ 70, 226 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands ) This Year Last Year Sales $ 68,000 $ 65,000 Cost of goods sold 40,000 40,000 Gross margin 28,000 25,000 Selling and administrative expenses: Selling expenses 10,800 10,500 Administrative expenses 7,100 6,400 Total selling and administrative expenses 17,900 16,900 Net operating income 10,100 8,100 Interest expense 940 940 Net income before taxes 9,160 7,160 Income taxes 3,664 2,864 Net income 5,496 4,29 Dividends to common stockholders 280 700 Net income added to retained earnings 5,216 3,596 Beginning retained earnings 34,736 31,140 Ending retained earnings $ 39,952 $ 34,736 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.) 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier