if you can please correct my error

Book tio of Liabilities to Stockholders' Equity and Times Interest Larned he following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years Current Previous Year Year $280,000 Accounts payable $180,000 380,000 380,000 Current maturities of serial bonds payable 1,970,000 2,350,000 Senal bonds payable, 10% 100,000 130,000 Common stock, $1 par value 1,110,000 1,120,000 Paid in capital in excess of par 3,850,000 3,050,000 Retained earnings The income before income tax expense was $916,500 and $801,900 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. 0.5 Current year 0.7 Previous year b. Determine the times interest earned ratio for both years. Round to one decimal place. Current year 5,060,00 X Previous year 4,300,13 X c. The ratio of liabilities to stockholders' equity has improved year. These results are the combined result of a larger and the number of times bond interest charges were earned has improved from the previous income before income taxes and lower y v interest expense in the current year compared to the previous year, Previous Next Check My Work Email Instructor Save and Exit Submit Assignment for Grading