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 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 company's common stock at the end of the year was $23. All of the company's sales are on account Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets Cash $ 1,080 $ 1350 Accounts receivable net 9.400 7.300 Inventory 13,100 12.400 Prepaid expenses 790 540 Total current assets 24 370 21,590 Property and equipment Land 9.200 9,200 Buildings and equipment, net 47,832 39 746 Total property and equipment 57,032 48.946 Total assets $81,402 $70,536 $ 19,900 1,090 0 $18.900 810 290 20.000 20,990 8.400 8.400 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 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 29,390 28,400 2,000 4,000 2,000 4,000 5.000 46,012 8.000 36, 136 52,012 42 138 $81.402 $70,536 Weer Corporation Comparative Income Statement and Reconciliation (dosars in thousands This Year Last Year Sales $75,000 564,000 Cost of goods sold 40.000 35,000 Gross margin 35.000 28.000 10.800 6.200 Seling and administrative expenses Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes 10.600 6,700 17.300 17,700 840 17,000 11.000 840 16 880 6.744 10,160 4064 6,096 Net income Dividends to common stockholders 10,116 240 600 Net income added to retained earnings Beginning retained earings Ending retained earrings 9.876 5496 36. 138 30 640 $46,012 $35 136 Required: Compute the following financial ratios for this year 1 Times interest eamed ratio (Round your answer to 1 decimal place) Times resteed ratio 2. Debito-equity ratio Round your answer to 2 decimal places) Det toegaya 3. Equity muter (Round your answer to 2 decimal places)