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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,

What is the times interest earned ratio? What is the debt to equity ratio? What is the equity multiplier? image text in transcribed
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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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