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: 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 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings 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.) 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier This Year $ 1,140 10,300 13,500 770 25,710 10,600 52,220 62,820 $ 88,530 $ 20,200 960 21,160 9,500 30,660 2,000 4,000 6,000 51,870 57,870 $ 88,530 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year $ 75,000 33,000 42,000 10,700 6,800 17,500 24,500 950 23,550 9,420 14,130 240 13,890 37,988 $ 51,870 Last Year $ 1,220 8,400 11, 200 660 21,480 10,600 39,980 50,580 $ 72,060 $ 17,500 880 280 18,580 9,500 28,080 2,000 4,000 6,080 37,980 43,980 $ 72,060 Last Year $ 64,000 33,000 31,000 10,100 6,800 16,980 14,100 950 13,150 5,260 7,890 450 7,440 30,540 $ 37,988