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Comparatlve financlal statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common
Comparatlve financlal 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 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. Required: Compute the following financlal ratlos 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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