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 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 $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 $26. All of the company's sales are on account. Assets Current assets: Cash Weller Corporation Comparative Balance Sheet (dollars in thousands) 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 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses This Year Interest expense Net income before taxes Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings $1,100 $1,260 9,100 6,700 13,900 10,800 630 700 24,730 19,460 9,300 9,300 48,426 39,608 57,726 48,908 $ 82,456 $ 20,400 948 0 21,340 2,000 4,000 8,200 8,200 29,548 27,520 Last Year Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year 6,000 6,000 46,916 34,848 52,916 40,848 Administrative expenses Total selling and administrative expenses 17,600 Net operating income 21,400 820 $ 68,368 $ $ 82,456 68,368 10,700 6,900 $ 18,400 788 140 19,320 12,068 34,848 2,000 4,000 $ $ 76,000 65,000 37,000 40,000 39,000 25,000 $ 46,916 Last Year 10,500 6,000 20,580 7,680 8,232 3,072 12,348 280 16,500 8,500 820 4,608 700 3,908 30,948 $ 34,848 Required: Compute the following financial ratios for this year: 1. Times interest earned ratio. 2. Debt-to-equity ratio. 3. Equity multiplier. (For all requirements, round your answers to 2 decimal places.)