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atio of liabilities to stockholders' equity and times interest earned he following data were taken from the financial statements of Hunter inc, for December 31

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atio of liabilities to stockholders' equity and times interest earned he following data were taken from the financial statements of Hunter inc, for December 31 of two recent years: The income before income tax expense was $769,600 and $673,400 for the current and previous years, respectively, a. Determine the ratio of liabilities to stockhoiders' equity at the end of each year. Round your answers to one decimal place. b. Determine the times interest earned ratio for both years. Round your answers to one decimal place. c. The catio of liabiities to stockholders' equity has and the number of times bond interest charges were earned has previous year, These results are the combined result of a income before income taxes and compared to the previous year

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