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Exercise 14-4 (Algo) Financial Ratios for Debt Management [LO14-4] Comparative financiol statements for Weller Corporation, a merchandiang compary, for the year ending December 31 appear

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Exercise 14-4 (Algo) Financial Ratios for Debt Management [LO14-4] Comparative financiol statements for Weller Corporation, a merchandiang compary, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 700.000 shares of common stock were outstanding. The interest rate on the bond payabie was 10%, the income tax rate wis 40K, and the dividend per share of common stock was 50.75 last year and $0.40 this yeac. The market valoe of the company's common stock at the end of this year was $22. Alt of the company's sales are on account. Aequired: Compute the following financial ratios for this year; 1. Times interest earned rato. 2. Debt-to equity ratio. 3. Equity mutriplier. (For all requirements, round your answers to 2 decimal places.)

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