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 companys common stock at the end of the 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	$	1,190		$	1,330
Accounts receivable, net		10,900			7,900
Inventory		13,700			11,200
Prepaid expenses		710			630
Total current assets		26,500			21,060
Property and equipment:
Land		10,000			10,000
Buildings and equipment, net		45,252			39,696
Total property and equipment		55,252			49,696
Total assets	$	81,752		$	70,756
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,300		$	18,300
Accrued liabilities		1,060			860
Notes payable, short term		0			260
Total current liabilities		20,360			19,420
Long-term liabilities:
Bonds payable		8,400			8,400
Total liabilities		28,760			27,820
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		46,992			36,936
Total stockholders' equity		52,992			42,936
Total liabilities and stockholders' equity	$	81,752		$	70,756

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	70,000		$	66,000
Cost of goods sold		35,000			38,000
Gross margin		35,000			28,000
Selling and administrative expenses:
Selling expenses		10,600			10,900
Administrative expenses		6,400			6,100
Total selling and administrative expenses		17,000			17,000
Net operating income		18,000			11,000
Interest expense		840			840
Net income before taxes		17,160			10,160
Income taxes		6,864			4,064
Net income		10,296			6,096
Dividends to common stockholders		240			600
Net income added to retained earnings		10,056			5,496
Beginning retained earnings		36,936			31,440
Ending retained earnings	$	46,992		$	36,936

Required:

Compute the following financial ratios for this year:

1.	Times interest earned ratio. (Round your answer to 1 decimal place.)

2.	Debt-to-equity ratio. (Round your answer to 2 decimal places.)

3.	Equity multiplier. (Round your answer to 2 decimal places.)

rev: 01_03_2017_QC_CS-73500;