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 $21. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,110		$	1,220
Accounts receivable, net		10,200			6,900
Inventory		13,500			12,000
Prepaid expenses		750			670
Total current assets		25,560			20,790
Property and equipment:
Land		10,600			10,600
Buildings and equipment, net		48,750			41,590
Total property and equipment		59,350			52,190
Total assets	$	84,910		$	72,980
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,900		$	17,600
Accrued liabilities		1,000			840
Notes payable, short term		0			160
Total current liabilities		20,900			18,600
Long-term liabilities:
Bonds payable		9,500			9,500
Total liabilities		30,400			28,100
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		48,510			38,880
Total stockholders' equity		54,510			44,880
Total liabilities and stockholders' equity	$	84,910		$	72,980

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	70,000		$	65,000
Cost of goods sold		35,000			33,000
Gross margin		35,000			32,000
Selling and administrative expenses:
Selling expenses		10,500			10,400
Administrative expenses		7,100			6,000
Total selling and administrative expenses		17,600			16,400
Net operating income		17,400			15,600
Interest expense		950			950
Net income before taxes		16,450			14,650
Income taxes		6,580			5,860
Net income		9,870			8,790
Dividends to common stockholders		240			450
Net income added to retained earnings		9,630			8,340
Beginning retained earnings		38,880			30,540
Ending retained earnings	$	48,510		$	38,880

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.)