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 bonds which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $27. 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 $ 1.210 9.900 13,400 710 $ 1,340 7,500 11.500 610 Total current assets 25,220 20.950 Property and equipment: Land Buildings and equipment, net 10,200 46.130 10.200 41.980 Total property and equipment 56,330 52.180 Total assets $81,550 $73,130 Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued abilities Notes payable, short term $18,700 950 0 $17,800 820 290 19.650 18,910 Total current liabilities Long-term liabilities Bonds payable 10.000 10.000 Total liabilities 29.650 28,910 Stockholders' equity Common stock Additional paid-in capital 2.000 4,000 2.000 4,000 Total paid-in capital Retained earnings 6.000 45.900 6.000 38.220 Total stockholders' equity 51,900 581,550 44,220 $73,130 Total liabilities and stockholders' equity Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $74.000 $ 65,000 Cost of goods sold 42.000 34.000 Gross margin 32,000 31,000 Selling and administrative expenses Selling expenses Administrative expenses 10.700 7.100 10,500 6.700 Total selling and administrative expenses 17.800 17,200 Net operating income Interest expense 14200 1.000 13,800 1.000 Net income before taxes Income taxes 13 200 5.280 12.800 5.120 Net Income Dividends to common stockholders 7.920 240 7680 600 Net income added to retained earnings Beginning retained eamings 7.680 38.220 7,080 31,140 Ending retained earnings $ 45,900 $38,220 Required: Compute the following financial ratios for this year 1. Times interest eamed ratio (Round your answer to 1 decimal place.) Times interest earned ratio 2. Debt-to-equity ratio. (Round your answer to 2 decimal places.) Debt-to-equity ratio 3. Equity multiplier (Round your answer to 2 decimal places.) Equity multiplier