I need answer with working for both the three requirement please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) 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. Theinterest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 lastyear and $0.40 this year. The market value of the company's common stock at the end of this year was $28. All of the company's salesare on account.AssetsCurrent assets:CashAccounts receivable, netInventoryPrepaid expensesTotal current assetsProperty and equipment:LandBuildings and equipment, netTotal property and equipmentTotal assetsLiabilities and Stockholders' EquityCurrent liabilities:Accounts payableAccrued liabilitiesNotes payable, short termTotal current liabilitiesLong-term liabilities:Bonds payableTotal liabilitiesStockholders' equity:Common stockWeller CorporationComparative Balance Sheet(dollars in thousands)Additional paid-in capitalTotal paid-in capitalRetained earningsTotal stockholders' equityTotal liabilities and stockholders' equityThis Year$ 1,24010, 20012,80068024,9209,70043,20452,904$ 77,824$ 20,000930020,9309,80030,7302,0004,0006,00041,09447,094$ 77,824Last Year$ 1,2307,80012,40054021,9709,70038,13247,832$ 69,802$ 19,00088018020,0609,80029,8602,0004,0006,00033,94239,942$ 69,802 SalesCost of goods soldGross marginSelling and administrative expenses:Selling expensesWeller CorporationComparative Income Statement and Reconciliation(dollars in thousands)Administrative expensesTotal selling and administrative expensesNet operating incomeInterest expenseNet income before taxesIncome taxesNet incomeDividends to common stockholdersNet income added to retained earningsBeginning retained earningsEnding retained earningsRequired: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.)> Answer is complete but not entirely correct.1. Times interest earned ratio2. Debt-to-equity ratio3. Equity multiplier13.570.651.65This Year$ 72,00040,00032,00011,4007,30018,70013,30098012,3204,9287,3922407,15233,942$ 41,094Last Year$ 64,00040,00024,00010,7006,40017,1006,9009805,9202,3683,5524503,10230,840$ 33,942

Name: I need answer with working for both the three requirement please answe
Uploaded: 2024-03-04T10:43:15.000Z
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Description: I need answer with working for both the three requirement please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text

TIME INTEREST EARNED RATIO Total Interest Earned Ratio is the Ratio between Earning Before Interest…

Business

Accounting

Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Administrative expenses Total selling and administrative expenses Net operating income 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 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.) > Answer is complete but not entirely correct. 1. Times interest earned ratio 2. Debt-to-equity ratio 3. Equity multiplier 13.57 0.65 1.65 This Year $ 72,000 40,000 32,000 11,400 7,300 18,700 13,300 980 12,320 4,928 7,392 240 7,152 33,942 $ 41,094 Last Year $ 64,000 40,000 24,000 10,700 6,400 17,100 6,900 980 5,920 2,368 3,552 450 3,102 30,840 $ 33,942