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 $24. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) Sales 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 $ 1,170 10,500 $1,250 8,400 12,600 11,000 650 610 24,928 21,260 9,400 9,400 49,848 39,394 59,248 48,794 $ 84,168 $ 70,054 $ 20,200 $ 18,300 960 750 21,160 140 19,190 8,600 29,760 8,600 27,790 2,000 2,000 4,000 4,000 6,000 6,000 48,408 36,264 54,408 42,264 $ 84,168 $ 70,054 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year $ 75,000 $ 66,000 Cost of goods sold 36,000 39,000. Gross margin 39,000 27,000 Selling and administrative expenses: Selling expenses 10,700 10,800 Administrative expenses 6,800 6,800 Total selling and administrative expenses 17,500 17,600 Net operating income 21,500 9,400 Interest expense 860 860 Net income before taxes 20,640 8,540 Income taxes 8,256 3,416 Net income 12,384 5,124 Dividends to common stockholders 240 300 Net income added to retained earnings Beginning retained earnings 12,144 36,264 4,824 31,440 Ending retained earnings $ 48,408 $ 36,264 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