Book Calculator Ratio of Liabilities to Stockholders' Equity and Times Interest Eamed The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Prior Year Accounts payable $196,000 $164,000 Current maturities of serial bonds payable 260,000 260,000 Serial bonds payable, 10% 1,260,000 1,520,000 Common stock, $1 par value 60,000 70,000 Pald-in capital in excess of par 630,000 630,000 Retained earnings 2,170,000 1,730,000 The income before income tax expense was $380,000 and $332,500 for the current and prior years, respectively. a. Determine the ratio of liabilities 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 from the previous year. These income before income taxes and interest expense in the current year compared to the c. The ratio of liabilities to stockholders' equity have results are the combined result of a previous year. Previous Next > Check My Work Save and Exit Submit Assignment for Grading