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 $26. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,210	$ 1,220
Accounts receivable, net	9,200	7,700
Inventory	12,500	12,300
Prepaid expenses	700	630
Total current assets	23,610	21,850
Property and equipment:
Land	10,100	10,100
Buildings and equipment, net	47,064	41,162
Total property and equipment	57,164	51,262
Total assets	$ 80,774	$ 73,112
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,300	$ 18,800
Accrued liabilities	1,000	780
Notes payable, short term	0	250
Total current liabilities	21,300	19,830
Long-term liabilities:
Bonds payable	8,800	8,800
Total liabilities	30,100	28,630
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	44,674	38,482
Total stockholders' equity	50,674	44,482
Total liabilities and stockholders' equity	$ 80,774	$ 73,112

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 67,000	$ 65,000
Cost of goods sold	38,000	34,000
Gross margin	29,000	31,000
Selling and administrative expenses:
Selling expenses	10,700	10,900
Administrative expenses	6,700	6,400
Total selling and administrative expenses	17,400	17,300
Net operating income	11,600	13,700
Interest expense	880	880
Net income before taxes	10,720	12,820
Income taxes	4,288	5,128
Net income	6,432	7,692
Dividends to common stockholders	240	450
Net income added to retained earnings	6,192	7,242
Beginning retained earnings	38,482	31,240
Ending retained earnings	$ 44,674	$ 38,482

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.)