Comperetve financiel statements for Weller Corporation, a merchandising compny, for the year endng December 31 ppear below. The company did not issue ny new common stock dunng the year A total of 500,000 shares of common stock were outstanding. The nterest rate on he bond payable was 0% he n me ax rate was 40%, and he drvidend per share o co n" on stock was $0.75 as year and $0 40 his ea. The market value o he conpanys common stock at the end of this year was $29 All ot the companys sales are on account This Year Last Year Assets Current assets: 1,220 1,230 400 12,900 12,000 Accounts receivable, net 10.900 Prepaid experises 25,650 21,180 Total current assets Property and equipment 0,000 0,000 39,541 54,12749541 79,777 $TO,721 Buikdings and equipment, net Tolal properly and equipmenl Total assets Liabilities and Stoekholders' Equity Current liabilities: 44.127 Accounts payable Accrued habities Notes payable, short term $19,000 $18,500 1,100 Total current liabilities Long-terrn abilities 20,100 19,480 9400 Bonds payabk 9,400 29,50028,980 Total liabilities Stockholders' equity: Common stock 2,000 4 000 6,000 44,277 35,741 41,741 $79,777 $70,721 2,000 4 D00 6,000 Addtional paid-n capital Total paid-in capital Retained eamings Total stocknolders' equity Tolal liabilities and slockholders equily Comparatve Income Statement and Reconciliation dollars in thousarids) This Year Iast Year S74.000 $.000 Sales Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales Cost of goods sold Gross margin Selling and administrative expenses $74,000 $66,000 39,000 34,000 27,000 40,000 Selling expenses 11,100 10,100 7,000 17,100 9,900 940 8,960 3,584 5,376 375 5,001 30,740 $44,277$35,741 7,400 18,500 15,500 940 14,560 5,824 8,736 200 8,536 35,741 Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 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.) Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier