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What is the times interest earned ratio? What is the debt to equity ratio? What is the equity multiplier? Comparative financial statements for Weller Corporation,

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Comparative financial statements for Weller Corporation, a merchandising company, for the fiscal year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 700,000 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 $1.00 last year and $0.65 this year. The market value of the company's common stock at the end of the year was $27. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: $ 1,260 $ 1,300 9,900 7.700 2,300 12.400 700 Accounts receivable, net Prepaid expenses 670 Total current assets 24,130 22,100 Property and equipment: 9.000 9.000 Land Buildings and equipment, net 47372 39,526 56,372 48.526 $80,502 $70,626 Totall property and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued iabilities $19,800 $18,500 800 100 990 Notes payable, short term Total current iabilities Long-term liabilities: 20,790 19.400 8,900 8.900 29,690 28.300 Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital 2,000 2.000 4,000 4,000 Total paild-in capital Retained earnings 6,000 6000 44812 36.326 50,812 42.326 $80,502 $70,626 Total stockholders' equity Total liabilities and stockholders' equity

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