EXERCISE 16-2 Financial Ratios for Assessing Liquidity !GG LO16-2 (1) Comparative finaecial stateinentu for Weller Corperation, a merchandisiaz ceenpacy. for the year ending Decentber 31 appeat below. The compary did enot wine any new commou stokk fuarine the ytat. A foul of 500,000 shates of cocangon stock were outstandingThe interes rate on the bood poyable whs 12%, the lecome tox rate was 40%, and the dividend per share of common siock was 50.75 last year and 50.40 this year. The market valoe of the compands common stock at the end of abis ytar was si8. All of the compuar's sales aie on account. Required: Compute the following financial data and ratios for this yeer: 1. Working capital. 2. Current ratio: 3. Acidtest ratio. EXERCISE 16-4 Financial Ratios for Debt Management [ LO16-4 Refer to the data in Exercise 16-2 for Weller Corporation. Required: Compute the following financial ratios for this year: 1. Times interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier