Kalio 01 ully dilu nes Interest The following data were taken from the financial statements of Starr Construction Inc. for December 31, 20Y6 and 2015: Dec. 31, 2016 Dec. 31, 2015 Accounts payable and other liabilities $195,000 $108,000 Current maturities of bonds payable 270,000 160,000 Serial bonds payable, 10%, issued 2008, due in five years 1,340,000 960,000 Common stock, $5 par value 150,000 90,000 Paid-in capital in excess of par 1,080,000 800,000 Retained earnings 2,380,000 2,180,000 The income before income tax was $563,500 and $313,600 for the years 2046 and 2085, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round to one decimal place. Dec. 31, 2016 0.50 Dec. 31, 2015 0.40 b. Determine the times (bond) interest earned during the year for both years. Round to one decimal place. Dec. 31, 2016 5.20 x Dec. 31, 2015 6.8