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 company's common stock at the end of the year was $30. 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 Accounts receivable, net Inventory Prepaid expenses $ 1,080 1,260 6, 500 11,700 580 24,82028:840 9,900 13,200 640 Total current assets Property and equipment: 9,700 40.062 Land 9,700 42,784 Buildings and equipment, net Total property and equipment Total assets 221784 49,762 $77,304 $69,802 Liabilities and Stockholders Equity Current liabilities: Accounts payable $18,70 $17,700e 710 270 18,680 Accrued liabilities Notes payable, short terrm Total current liabilities Long-term liabilities: 960 19,660 8,300 Bonds payable Total liabilities Stockholders' equity: 8,300 2:969 26,980 Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders equity 2,000 4,000 6,000 43,344 49,344 $77,304 2,000 4,000 6,000 36,822 42,822 $69,802 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales Cost of goods sold Gross margin Selling and administrative expenses: $68,000 $66,000 38,000 38:000 28,000 30,080 Selling expenses 10,700 7,200 Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings 10,800 6,400 17,200 10,800 830 9,970 3,988 5,982 300 5,682 31,140 $36,822 17,9005 12,100 830 11,270 4,508 6,762 240 6,522 36,822 $43,344 Ending retained earnings 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