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Kato of bites to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31

image text in transcribed Kato of bites to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years Current Year Previous Year Accounts payable $282,000 $236,000 Current maturities of serial bonds payable 360,000 360,000 Senai bonds payable, 10% 1,740,000 2,100,000 Common stock, $1 per value 80,000 100,000 Paid-in capital in excess of par 870,000 880,000 Retained earnings 3,020,000 2,390,000 The income before income tax expense was $651,000 and $569,600 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 year Previous year b. Determine the times interest earned ratio for both years. Round to one decimal place Current year Previous year e. The ratio of Sabilities to stockholders' equity has ( combined result of a income before income taxes and, and the number of times bond interest charges were earned has i interest expense in the current year compared to the previous year from the previous year. These results are the

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