1. Assets for Lincoln Company totaled $13,000, liabilities totaled $1,000, and owner's equity totaled $12,000. What is the ratio of liabilities to owner's equity? a. 0.0833 b. 1.0833 c. 12.00 d. None of these choices are correct 2. The following data were taken from Stanton Company's balance sheet: Dec. 31, 20X1 Dec. 31, 20X2 $105,000 Total liabilities $110,000 65,000 90,000 Total owner's equity What are the ratios of liabilities to owner's equity for 20x2 and 20X1, respectively? a. 1.22, 1.62 b. 1.34, 1.62 c. 1.22, 1.38 d. None of these choices are correct