i am having trouble with this one

Ratio of Liabilities to Stockholders' EquityandTimes Interest Earned

The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years:

Current YearPrevious YearAccounts payable$576,000$280,000Current maturities of serial bonds payable510,000510,000Serial bonds payable, 10%2,290,0002,800,000Common stock, $1 par value80,000110,000Paid-in capital in excess of par930,000930,000Retained earnings3,210,0002,550,000

The income before income tax was $1,064,000 and $931,000 for the current and previous years, respectively.

a.Determine the ratio of liabilities to stockholders' equity at the end of each year. Round to one decimal place.

Current yearfill in the blank 1

Previous yearfill in the blank 2

b.Determine the times interest earned ratio for both years. Round to one decimal place.

Current yearfill in the blank 3

Previous yearfill in the blank 4

c.The ratio of liabilities to stockholders' equity has

and the times interest earned ratio has

from the previous year. These results are the combined result of a

income before income taxes and

interest expense in the current year compared to the previous year.