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 $25. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,110	$ 1,330
Accounts receivable, net	10,600	7,400
Inventory	13,500	12,100
Prepaid expenses	720	560
Total current assets	25,930	21,390
Property and equipment:
Land	10,200	10,200
Buildings and equipment, net	45,128	41,704
Total property and equipment	55,328	51,904
Total assets	$ 81,258	$ 73,294
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,200	$ 18,800
Accrued liabilities	1,060	810
Notes payable, short term	0	150
Total current liabilities	20,260	19,760
Long-term liabilities:
Bonds payable	8,600	8,600
Total liabilities	28,860	28,360
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	46,398	38,934
Total stockholders' equity	52,398	44,934
Total liabilities and stockholders' equity	$ 81,258	$ 73,294

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 68,000	$ 64,000
Cost of goods sold	37,000	32,000
Gross margin	31,000	32,000
Selling and administrative expenses:
Selling expenses	10,700	10,900
Administrative expenses	6,600	6,500
Total selling and administrative expenses	17,300	17,400
Net operating income	13,700	14,600
Interest expense	860	860
Net income before taxes	12,840	13,740
Income taxes	5,136	5,496
Net income	7,704	8,244
Dividends to common stockholders	240	450
Net income added to retained earnings	7,464	7,794
Beginning retained earnings	38,934	31,140
Ending retained earnings	$ 46,398	$ 38,934

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.)