2 W box-angelinakou M Book o of Labies to Stockhoidery Equity and Times Interest Eame The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years Accounts payable Current maturities of serial bonds payable Serial bonds payable, 10% Common stock, 51 par value Paid-in capital in excess of pr Retained earnings Current Year Prior Year $475,000 $170,000 350,000 350,000 1,500,000 1,850,000 100,000 120,000 1,020,000 1,030,000 3,530,000 2,000,000 The income before income tax expense was $536,500 and $469,400 for the current and prior years, respectively. Determine the rate of sablies to stockholders' equity at the end of each year Round to one decimal place. Current year Prior year b. Determine the times interest earned ratio for both years. Round to one decimal place. Current year Prior year and the times interest earned ratio has improved from the previous year. These results are the c interest expense in the current year compared to the previous year. The ratio of liabilities to stockholders' equity have improved income taxes and lower Owick My Work Check My Wo Divide yo Comster the ionship of the account e $ 94 #3 85 66 dtv 7 48 U 9