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$$s common stock at the end of this year was $$25.$ 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 $ $1,280$ $ $1,330$

Accounts receivable, net $10,1007,100$

Inventory $13,00012,100$

Prepaid expenses $670510$

Total current assets $25,05021,040$

Property and equipment:

Land $9,7009,700$

Buildings and equipment, net $45,65840,354$

Total property and equipment $55,35850,054$

Total assets $ $80,408$ $ $71,094$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $ $19,300$ $ $18,600$

Accrued liabilities $1,050780$

Notes payable, short term $0140$

Total current liabilities $20,35019,520$

Long$-$term liabilities:

Bonds payable $9,6009,600$

Total liabilities $29,95029,120$

Stockholders' equity:

Common stock $2,0002,000$

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

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

Retained earnings $44,45835,974$

Total stockholders' equity $50,45841,974$

Total liabilities and stockholders' equity $ $80,408$ $ $71,094$

Weller Corporation

Comparative Income Statement and Reconciliation

$($dollars in thousands$)$

This Year Last Year

Sales $ $69,000$ $ $65,000$

Cost of goods sold $36,00037,000$

Gross margin $33,00028,000$

Selling and administrative expenses:

Selling expenses $11,10010,400$

Administrative expenses $6,4007,000$

Total selling and administrative expenses $17,50017,400$

Net operating income $15,50010,600$

Interest expense $960960$

Net income before taxes $14,5409,640$

Income taxes $5,8163,856$

Net income $8,7245,784$

Dividends to common stockholders $240450$

Net income added to retained earnings $8,4845,334$

Beginning retained earnings $35,97430,640$

Ending retained earnings $ $44,458$ $ $35,974$

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.$)$