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 companys common stock at the end of this year was $27. All of the companys sales are on account.

Weller Corporation Comparative Balance Sheet (dollars in thousands)
	This Year	Last Year
Assets
Current assets:
Cash	$ 1,220	$ 1,270
Accounts receivable, net	10,000	6,900
Inventory	13,000	11,600
Prepaid expenses	720	540
Total current assets	24,940	20,310
Property and equipment:
Land	10,300	10,300
Buildings and equipment, net	49,128	41,734
Total property and equipment	59,428	52,034
Total assets	$ 84,368	$ 72,344
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 19,400	$ 18,100
Accrued liabilities	900	840
Notes payable, short term	0	250
Total current liabilities	20,300	19,190
Long-term liabilities:
Bonds payable	9,100	9,100
Total liabilities	29,400	28,290
Stockholders' equity:
Common stock	2,000	2,000
Additional paid-in capital	4,000	4,000
Total paid-in capital	6,000	6,000
Retained earnings	48,968	38,054
Total stockholders' equity	54,968	44,054
Total liabilities and stockholders' equity	$ 84,368	$ 72,344

Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands)
	This Year	Last Year
Sales	$ 74,000	$ 66,000
Cost of goods sold	36,000	35,000
Gross margin	38,000	31,000
Selling and administrative expenses:
Selling expenses	11,400	10,800
Administrative expenses	7,100	6,600
Total selling and administrative expenses	18,500	17,400
Net operating income	19,500	13,600
Interest expense	910	910
Net income before taxes	18,590	12,690
Income taxes	7,436	5,076
Net income	11,154	7,614
Dividends to common stockholders	240	300
Net income added to retained earnings	10,914	7,314
Beginning retained earnings	38,054	30,740
Ending retained earnings	$ 48,968	$ 38,054

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.)