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 $27. All of the company's sales we on account Comparative Balance the This Year Last Year Huldings and w ant, net ered liabilities mand command Chapter Fifteen Homework Help 2.000 4.000 6.000 Common stock Additional paid in capital Total paid-in capital Tatained earnings Total stockholders' equity Total Isabilities and stockholders' equity 2.000 4.000 6.000 45,774 51,774 181,454 371.92 points 8 030840 Book References Weller Corporation Comparative Tncome Statement and Reconciliation dollars in thousanda) This Year Last Year $23,000 $66.000 Cost of goods sold 39,000 36,000 Cross margin 36,000 20.000 Sailing and administrative expenses Salting expenses 11,000 Ministrative expenses 6,400 6.000 Total selling and administrative expanse 17.400 Net operating incon 16.600 11,800 Interest expense Net Income before taxes 15,670 10,870 Income taxes 6,268 Net Income 9.402 Dividends to common stockholders Net Income added to retained earnings Beginning retained earnings 36.612 30.540 Ending retained earnings $45,774 $36,612 6,072 Required: Compute the following financial ratios for this year. 1. Times interest earned ratio 2. Debt-to-equity ratio. 3. Equity multiplier