Obj. 4 EX 14-13 Ratio of liabilities to stockholders' equity and number of times interest earned bilities The following data were taken from the financial statements of Hunter Inc. for December 31 of equity, two recent years ar, 0.9 Previous Year Accounts payable Current maturities of serial bonds payable Serial bonds payable, 10% Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Year 924,000 200,000 1,000,000 250,000 1,250,000 860,000 800,000 200,000 1,200,000 250,000 1,250,000 500,000 The income before income tax was $480,000 and $420,000 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.) B. Determine the times interest earned ratio for both years. (Round to one decimal place.) CWhat conclusions can be drawn from these data as to the company's ability to meet its currently maturing debts