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 this year was $29. All of the company's sales are on account. nts Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: eBook Cash Accounts receivable, net Inventory Prepaid expense:s $ 1,230 1,250 7,000 13,800 12,500 10,600 Print 780 26,410 -2 1121,410 Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: 9,800 38,488 48,288 $78,016 $69,698 9,800 41,806 51,606 Accounts payable Accrued liabilities Notes payable, short term $20,200 $19,100 730 190 21,120 20,020 920 Total current liabilities Long-term liabilities: Bonds payable 9,700 39,820 29,720 9,700 Total liabilities Stockholders' equity: Common stock Additional paid-in capital 2,000 4,000 6,000 2,000 4,000 6,000 Total paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $78,016 $69,698 6,000 41,196 47,196 6,000 33,978 39,978 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 $64,000 36,000 41,000 23,000 32,000 Selling expense:s 11,500 7,100 Total selling and administrative expenses 18,600 13,400 970 12,430 10,000 6,300 16, 300 6,700 970 5,730 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 Ending retained earnings 4,972 5 3,438 300 3,138 30,840 $41,196 $33,978 7,458 240 7,218 33,978 Requirec Compute the following financial ratios for this year: 1. Times interest earned ratio 2 Debt-to-equity ratio 3. Equity multiplier 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