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 $28. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,080		$	1,400
Accounts receivable, net		10,200			7,300
Inventory		12,400			12,600
Prepaid expenses		630			510
Total current assets		24,310			21,810
Property and equipment:
Land		10,000			10,000
Buildings and equipment, net		45,595			37,965
Total property and equipment		55,595			47,965
Total assets	$	79,905		$	69,775
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,100		$	17,500
Accrued liabilities		1,050			710
Notes payable, short term		0			220
Total current liabilities		20,150			18,430
Long-term liabilities:
Bonds payable		9,500			9,500
Total liabilities		29,650			27,930
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		44,255			35,845
Total stockholders' equity		50,255			41,845
Total liabilities and stockholders' equity	$	79,905		$	69,775

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	69,000		$	66,000
Cost of goods sold		35,000			40,000
Gross margin		34,000			26,000
Selling and administrative expenses:
Selling expenses		11,400			10,400
Administrative expenses		7,300			6,100
Total selling and administrative expenses		18,700			16,500
Net operating income		15,300			9,500
Interest expense		950			950
Net income before taxes		14,350			8,550
Income taxes		5,740			3,420
Net income		8,610			5,130
Dividends to common stockholders		200			625
Net income added to retained earnings		8,410			4,505
Beginning retained earnings		35,845			31,340
Ending retained earnings	$	44,255		$	35,845

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.)