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 500,000 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	$	1,170		$	1,410
Accounts receivable, net		10,900			6,900
Inventory		13,800			12,600
Prepaid expenses		710			530
Total current assets		26,580			21,440
Property and equipment:
Land		9,100			9,100
Buildings and equipment, net		44,450			41,930
Total property and equipment		53,550			51,030
Total assets	$	80,130		$	72,470
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,600		$	19,400
Accrued liabilities		1,000			880
Notes payable, short term		0			110
Total current liabilities		20,600			20,390
Long-term liabilities:
Bonds payable		8,500			8,500
Total liabilities		29,100			28,890
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		45,030			37,580
Total stockholders' equity		51,030			43,580
Total liabilities and stockholders' equity	$	80,130		$	72,470

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	71,000		$	65,000
Cost of goods sold		40,000			36,000
Gross margin		31,000			29,000
Selling and administrative expenses:
Selling expenses		10,900			10,400
Administrative expenses		6,500			6,600
Total selling and administrative expenses		17,400			17,000
Net operating income		13,600			12,000
Interest expense		850			850
Net income before taxes		12,750			11,150
Income taxes		5,100			4,460
Net income		7,650			6,690
Dividends to common stockholders		200			250
Net income added to retained earnings		7,450			6,440
Beginning retained earnings		37,580			31,140
Ending retained earnings	$	45,030		$	37,580

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