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Aab or Uabilies to Stockholders' Equity and Times interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31
Aab or Uabilies to Stockholders' Equity and Times interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: The inceme before incame tax expense was $338,100 and $295,800 for the current and prior years, respectively. a. Determine the ratio of tiab ities to stockholders' equity at the end of each year. Round to one decimal place. b. Determine the times interest earned ratio for both years. Round to one decimal place. c. The ratio of liabilities to stockholders' equity have results are the combined result of a and the times interest earned ratio has previous year. income before income taxes and from the previous year. These interest expense in the current year compared to the
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