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Comparative nancial statements Jior Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common

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Comparative nancial statements Jior 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 100,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 1035. The income tax rate was 4035 and the dividend per share of common stock was $0.40 this year. The market value of the company's common stock at the end of the year was $25. All of the company's sales are on account. weler orooraljoh Comparatlve Balanceitet {dollar's .io tttousarids] _ ' ' This Year Last Year Assets Current assets: Cash 5 1,050 5 1,250 Accounts receivable, net 10,500 5,400 Inventory 13,300 11,?00 Prepaid expenses 1'50 550 Total current assets 25,540 22,030 Property and equipment: Land 10,200 10,200 Buildings and equipment, net 41,050 35,110 Total property and equipment 51,250 45,310 Total assets 5 35,550 $55,340 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $20,300 $15,500 Acaned liabilities 510 T50 Notes payable, short term 0 250 Total current liabilities 21,210 15,510 Long-term liabilities: Bonds payable 5,500 5,500 Total liabilities 30,210 25,110 Stockholders equity: Common stock 2,000 2,000 Additional paid-in capital 4,000 4,000 Total paid-in capital 5,000 5,000 Retained earnings 40,150 33,230 Total stockholders' equity 45,150 35,230 Total liabilities and stockholders\" equity $T5,550 $55,340 . Water Gem-Trains. . .- torrqaarative-incorne Wand Reconciliation William-"at-rousarrds) __ _ , _ _ _ : :"lfhis-'fear Lasi'feai Sales $30,000 $55,000 Cost of goods sold 30,000 42,000 Gross margin 31,000 241,000 Selling and administrative expenses: Selling expenses 11,000 10,000 Administrative expenses ?,000 3,000 Total selling and administrative expenses 15,000 11000 Net operating income 13,000 5,100 Interest expense 050 050 Net income before taxes 12,050 5,150 Income taxes 4,520 2,050 Net income 1230 3,000 Dividends to common stockholders 250 3'00 Net income added to retained earnings 5,050 2,300 Beginning retained earnings 33,230 30,540 Ending retained earnings $40,150 $33,230 Required: Compute the following nancial 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 muttiplier. {Round your answer to 2 decimal places.)

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