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will upvote for fast correct answer Comparative financlal statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below The company
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Comparative financlal statements for Weller Corporation, a merchandising company, for the year ending December 31 appear 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 was $075 last year and $0,40 this year. The market value of the company's common stock at the end of this year was $22. All of the company's sales are on account. Required: Compute the following financial ratios for this year: 1. Times interest earned ratio. 2 Debt-to-equity ratio. 3. Equity multiplier. (For oll requirements, round your onswers to 2 decimal places.) Step by Step Solution
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