Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal 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 $1.25 last year and $0.90 this year. The market value of the companys common stock at the end of the year was $29. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year			Last Year
Assets
Current assets:
Cash	$	1,200		$	1,280
Accounts receivable, net		9,100			7,100
Inventory		13,400			12,000
Prepaid expenses		790			650
Total current assets		24,490			21,030
Property and equipment:
Land		11,000			11,000
Buildings and equipment, net		40,112			38,616
Total property and equipment		51,112			49,616
Total assets	$	75,602		$	70,646
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	19,700		$	19,300
Accrued liabilities		980			870
Notes payable, short term		0			270
Total current liabilities		20,680			20,440
Long-term liabilities:
Bonds payable		9,400			9,400
Total liabilities		30,080			29,840
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		39,522			34,806
Total stockholders' equity		45,522			40,806
Total liabilities and stockholders' equity	$	75,602		$	70,646

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year			Last Year
Sales	$	67,000		$	65,000
Cost of goods sold		40,000			40,000
Gross margin		27,000			25,000
Selling and administrative expenses:
Selling expenses		10,800			10,100
Administrative expenses		6,500			6,100
Total selling and administrative expenses		17,300			16,200
Net operating income		9,700			8,800
Interest expense		940			940
Net income before taxes		8,760			7,860
Income taxes		3,504			3,144
Net income		5,256			4,716
Dividends to common stockholders		540			750
Net income added to retained earnings		4,716			3,966
Beginning retained earnings		34,806			30,840
Ending retained earnings	$	39,522		$	34,806

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.)