Comparative financial 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 $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $25. All of the company's sales are on account. 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 This Year Last Year $ 1,230 10,000 12,200 780 $ 1,320 8,000 11,400 560 24,210 21,280 10,900 10,900 46,242 38,256 57,142 49,156 $ 81,352 $ 70,436 $ 19,300 $ 17,600 960 880 260 20,260 18,740 8,400 8,400 28,660 27,140 2,000 2,000 4,000 4,000 6,000 6,000 46,692 37,296 52,692 43,296 $ 81,352 $ 70,436 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $ 75,000 $ 66,000 Cost of goods sold 40,000 37,000 Gross margin 35,000 29,000 Selling and administrative expenses: Selling expenses 10,800 10,000 Administrative expenses 7,300 6,400 Total selling and administrative expenses 18,100 16,400 Net operating income 16,900 12,600 Interest expense 840 840 Net income before taxes 16,060 11,760 Income taxes 6,424 4,704 Net income 9,636 7,056 Dividends to common stockholders 240 Net income added to retained earnings Beginning retained earnings 9,396 37,296 300 6,756 30,540 Ending retained earnings $ 46,692 $ 37,296 Required: Compute the following financial ratios for this year: 1. Times interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier. Note: For all requirements, round your answers to 2 decimal places. 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier