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 $30. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,090	$ 1,360
Accounts receivable, net	9,300	6,900
Inventory	12,400	12,500
Prepaid expenses	640	660
Total current assets	23,430	21,420
Property and equipment:
Land	10,000	10,000
Buildings and equipment, net	50,096	40,768
Total property and equipment	60,096	50,768
Total assets	$ 83,526	$ 72,188
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,600	$ 18,200
Accrued liabilities	900	890
Notes payable, short term	0	260
Total current liabilities	20,500	19,350
Long-term liabilities:
Bonds payable	9,200	9,200
Total liabilities	29,700	28,550
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	47,826	37,638
Total stockholders' equity	53,826	43,638
Total liabilities and stockholders' equity	$ 83,526	$ 72,188

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 73,000	$ 65,000
Cost of goods sold	37,000	36,000
Gross margin	36,000	29,000
Selling and administrative expenses:
Selling expenses	11,300	10,500
Administrative expenses	6,400	6,000
Total selling and administrative expenses	17,700	16,500
Net operating income	18,300	12,500
Interest expense	920	920
Net income before taxes	17,380	11,580
Income taxes	6,952	4,632
Net income	10,428	6,948
Dividends to common stockholders	240	450
Net income added to retained earnings	10,188	6,498
Beginning retained earnings	37,638	31,140
Ending retained earnings	$ 47,826	$ 37,638

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.)