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 700,000 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 $29. 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 Accounts receivable, net Inventory Prepaid expenses $ 1,180 10,900 13,900 660 26,640 $ 1,360 7,000 11,600 580 20,540 10,800 42,184 52,984 $ 79,624 10,800 39,012 49,812 $ 70,352 $ 18, 700 1,100 Total current assets Property and equipment: Land Buildings 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: 9 Bonds payable Total liabilities Stockholders' equity: ders Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders equity Total liabilities and stockholders' equity $ 17,900 710 260 18,870 19,800 9,300 29,100 9,300 28,170 2,000 4,000 6,000 44,524 50,524 $ 79,624 2,000 4,000 6,000 36,182 42,182 $ 70,352 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 69,000 36,000 Sales Cost of goods sold Last Year $ 64,000 36,000 9,300 29,100 9,300 28,170 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 2,000 4,000 6,000 44,524 50,524 $ 79,624 2,000 4,000 6,000 36,182 42,182 $ 70,352 Last Year $ 64,000 36,000 28,000 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Sales $ 69,000 Cost of goods sold 36,000 Gross margin 33,000 Selling and administrative expenses: Selling expenses 11,300 Administrative expenses 6,400 Total selling and administrative expenses 17,700 Net operating income 15,300 Interest expense 930 Net income before taxes 14,370 Income taxes 5,748 Net income 8,622 Dividends to common stockholders 280 Net income added to retained earnings 8, 342 Beginning retained earnings 36,182 Ending retained earnings $ 44,524 10,600 6,900 17,500 10,500 930 9,570 3,828 5,742 700 5,042 31,140 $ 36,182 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. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier