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 $25. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year $ 1,100 10,700 13,200 640 25,640 $ 1,210 6,500 11,100 540 19350 9,700 42,198 52,898 $77,538 9.700 41,444 51, 144 $70,494 Assets Current assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment: Land Bulldings and equipment, net Total property and equipment Total assets Liabilities and Stockholders. Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities long-term liabilities: Bonds payable Total liabilities Stockholders' equity Common stock Additional paid-in capital Total paid-in capital Betained earnings total stockholders' equity Total liabilities and stockholdera equity $18, 800 960 0 19,760 $17,500 740 260 18,500 2.600 29,360 9.600 28,100 2.000 4.000 6,000 42,178 4,128 577.538 2,000 4,000 6.000 36,294 42394 $70.494 Weller Corporation Comparativ Inoce Statecent and Reconciliation This Year Last Year 069,000 $66,000 Total liabilities and stockholders' equity $77,538 $70, 494 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $69,000 $66,000 Cost of goods sold 40,000 37,000 Gross margin 29,000 29,000 Selling and administrative expenses: Selling expenses 11,100 11,000 Administrative expenses 6,900 6,700 Total selling and administrative expenses 18,000 17,700 Net operating income 11,000 11,300 Interest expense 960 960 Net income before taxes 10,040 10, 340 Income taxes 4,016 4,136 Net income 6,024 6,204 Dividends to common stockholders 240 450 Net income added to retained earnings 5,784 5,754 Beginning retained earnings 36,394 30,640 Ending retained earnings $42, 178 $36,394 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.) 1 14.32 2. Times interest eamed ratio Debt-to-equity ratio Equity multiplier 3