Det Homon View All Ho Womenath Homepage Hipation Ch 14 Grod Search Test Homepage raded Homework FACILISE L OOM VI VEUL TTIGLIERI LUI Comparative financial 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 the year was $24. All of the company's sales are on account Weller Corporation Comparative Balance Sheet This Year Last Year 11 # 10 Buildings and equipment, net Total property and g et Total assets es Stockholders' Equity Current liabilities Acered liabilities Notes payable, short ten Total current liabilities Stockholders uity Mional paid in eapital Retained barn Total stockholders i ty Total liabilities and stockholders i ty MacBook Air vo IsoFIGH Det Home View All He Wome http://em. Ch 14 Grad Bed Homework Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $70,000 $66.000 Cost of goods sold 35,000 38,000 Gross margin 35,000 28.000 Selling and administrative expenses Selling expenses 10,700 10,800 Administrative expenses 6.800 Total selling and administrative expenses 17,500 17,000 Net operating income 17,500 11.000 Interest expense 900 Net income before taxes 16,600 10,100 Income taxes 6.640 4.040 9,960 6,060 Dividends to common stockholders Net Income added to retained earnings 720 Beginning retained earnings Ending retained earnings $46,070 $36, 350 6.200 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.) 1. 2. 3. Times interest earned ratio Debt-to-equity ratio Equity multiplier MacBook Air