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 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 companys common stock at the end of the year was $22. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,150		$	1,350
Accounts receivable, net		10,100			7,800
Inventory		13,600			11,900
Prepaid expenses		690			520
Total current assets		25,540			21,570
Property and equipment:
Land		10,400			10,400
Buildings and equipment, net		47,060			41,520
Total property and equipment		57,460			51,920
Total assets	$	83,000		$	73,490
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	18,700		$	18,800
Accrued liabilities		900			870
Notes payable, short term		0			270
Total current liabilities		19,600			19,940
Long-term liabilities:
Bonds payable		9,500			9,500
Total liabilities		29,100			29,440
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		47,900			38,050
Total stockholders' equity		53,900			44,050
Total liabilities and stockholders' equity	$	83,000		$	73,490

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	72,000		$	64,000
Cost of goods sold		37,000			34,000
Gross margin		35,000			30,000
Selling and administrative expenses:
Selling expenses		10,900			10,500
Administrative expenses		6,400			6,700
Total selling and administrative expenses		17,300			17,200
Net operating income		17,700			12,800
Interest expense		950			950
Net income before taxes		16,750			11,850
Income taxes		6,700			4,740
Net income		10,050			7,110
Dividends to common stockholders		200			500
Net income added to retained earnings		9,850			6,610
Beginning retained earnings		38,050			31,440
Ending retained earnings	$	47,900		$	38,050

Required:

Compute the following financial ratios for this year:

1.	Times interest earned ratio. (Round your answer to 1 decimal place.)

2.	Debt-to-equity ratio. (Round your answer to 2 decimal places.)

3.	Equity multiplier. (Round your answer to 2 decimal places.)