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Comparative financial statements for Weller Corporstion, a merchandising compsny, for the year ending December 31 appesr below. The compony did not issue any new common
Comparative financial statements for Weller Corporstion, a merchandising compsny, for the year ending December 31 appesr below. The compony did not issue any new common stock during the year. A total of 500,000 sheres of common stock were outstanding. The interest rate on the bond psysble wiss 10\%, the income tox rote wss 40%, and the dividend per share of common stock wiss $0.75 last: yesr and \$0.40 this yesr. The merket value of the compsny's common stock at the end of this yesr was \$21. All of the compsny's sales are on account. 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.)
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