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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

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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 yeat. 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 $075 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $28. All of the company's sales are on account. Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} 9,500 & 9,500 \\ \hline 28,990 & 29,530 \\ \hline 2,000 & 2,000 \\ 4,000 & 4,000 \\ \hline 6,000 & 6,000 \\ 47,290 & 38,080 \\ \hline 53,290 & 44,080 \\ \hline$82,280 & $73,610 \\ \hline \end{tabular} 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.)

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