for some reason, i cant figure out equity multiplier even though im doing (total assets/total stockholders equity). please help and let me know what im doing incorrect.

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 500,000 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 50 75 last year and 50 40 this year. The market value of the company's common stock at the end of this year was $23. All of the company's solen are on account Welter Corporation Comparative Balance Sheet (dollars in thousands This Year Last Year $1.00 10,700 12300 60 24:20 $ 3,390 6,600 11.410 29,020 9,60 Assets Current assets: Cash Accounts receivablet, het Inventory Prepaid expenses Total current assets Property and equipment Land Buildings and equipment, net Total property and equipment Total assets abilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short ter Total current liabilities Long terlalties Bonds payable Total lobilties 5529 580,00 9,600 4059 50,459 5709479 520,30 $19.100 21,200 240 20,100 100 29,300 BO 25200 8,188 29, 300 8.109 28, 200 Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid in capital Retained earnings Total stockholders' equity Total Habilities and stockholders' equity 2,000 4,000 6,000 44,713 50,713 $80,013 2,000 4,000 6,000 36, 279 42, 279 $70,479 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $74,000 $65,00 Cost of goods sold 41,000 39,000 Gross margin 33,00 26,000 Selling and administrative expenses: Selling expenses 10,500 10,400 Administrative expenses 2.300 0.100 Total selling and administrative expenses 27,800 16,500 Net operating income 15,200 9,500 Interest expense 810 Net Income before taxes 14,390 8,690 Income taxes 5,756 3,476 Net Income 8,634 5,214 Dividends to common stockholders 280 375 Net income added to retained earnings B) 434 4,839 Beginning retained earnings 36,279 31,440 810 Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 14,390 5,756 8,634 200 8,434 36,279 $44,713 8,699 3,476 5,214 375 4,839 31,440 $36, 279 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.) Answer is complete but not entirely correct. 1 2 Times interest earned ratio Debt-to-equity ratio Equity multiplier 18.77 058 3 1.58