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 500,000 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 $29. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,200	$ 1,330
Accounts receivable, net	9,300	6,700
Inventory	13,200	12,500
Prepaid expenses	620	600
Total current assets	24,320	21,130
Property and equipment:
Land	9,300	9,300
Buildings and equipment, net	43,541	41,283
Total property and equipment	52,841	50,583
Total assets	$ 77,161	$ 71,713
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 18,700	$ 19,400
Accrued liabilities	900	770
Notes payable, short term	0	280
Total current liabilities	19,600	20,450
Long-term liabilities:
Bonds payable	9,700	9,700
Total liabilities	29,300	30,150
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	41,861	35,563
Total stockholders' equity	47,861	41,563
Total liabilities and stockholders' equity	$ 77,161	$ 71,713

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 70,000	$ 66,000
Cost of goods sold	40,000	40,000
Gross margin	30,000	26,000
Selling and administrative expenses:
Selling expenses	11,100	10,300
Administrative expenses	7,100	6,400
Total selling and administrative expenses	18,200	16,700
Net operating income	11,800	9,300
Interest expense	970	970
Net income before taxes	10,830	8,330
Income taxes	4,332	3,332
Net income	6,498	4,998
Dividends to common stockholders	200	375
Net income added to retained earnings	6,298	4,623
Beginning retained earnings	35,563	30,940
Ending retained earnings	$ 41,861	$ 35,563

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.)