Help Comparative financial statements for Weller Corporation, a merchandising company for the year ending December 31 cc 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 w $075 year and $0.40 this year. The market value of the company's common stock at the end of the year was $29. All of the company's are on account This Year Last Year 5 1,20 $ 1,150 10,500 12,600 690 25, 240 11.30 20.930 Weller Corporation Comparative Balance Sheet (dollars in thousands) Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Property and equipment Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: 10.000 47.510 50310 $83.550 10,800 4.540 S1340 572, 270 $17.900 $15,500 2.000 19.50 18,920 o o search 172.27 110 Property and equipment Total assets Liabilities and Stockholders. Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term Total current liabilities 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 liabilities and stockholders' equity 15.500 23.350 3.50 27/420 2.000 2.00 6,000 55,200 $83,550 6,000 38,850 44,850 572,270 Weller Corporation Comparative Income Statement and Reconcilsution (dollars in thousands) This Year Last Year Sales 525,000 $65.000 Cost of goods sold 35,000 34,00 Gross margin 31,000 Selling and administrative expenses 11,100 10.100 Selling expenses Administrative expenses 7.400 O search 34,00 31,000 Comparative Income statement and conta Orporation (dollar in thousands Sales Cost of goods sold 575.000 Gross margin 33,00 Selling and administrative expenses Selling expenses Administrative expenses 11,100 2,400 Total selling and administrative expenses 13.5e Net operating income 18,500 Interest expense 850 Net income before taxes 17.650 Income taxes 7,050 10.590 Net income 240 Dividends to common stockholders 10,350 Net income added to retained earnings 38,850 Beginning retained earnings $49.204 Ending retained earnings 10,100 1,00 16,000 14,200 13.15 5,345 9.910 7.710 31.14 $38.85e Required: Compute the following financial ratios for this year 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier o search