On June 25, Obermayer Repair Service extended an offer of $109,000 for land that had been priced for sale at $124,000/ On July 9, Obermayer Repair Service accepted the seller's counteroffer of $118,000. On October 1, the land was assessed at a value of $177,000 for property tax purposes. On December 22, Obermayer Repair Service was offered $189,000 for the land by a national retail chain. At what value should the land be recorded in Obermayer Repair Service's records? Ratio of liabilities to stockholders' equity The following data were taken from Alvarado Company's balance sheet: Dec. 31, 20Y4 Dec. 31, 20Y3 Total liabilities Total stockholders' equity $5,000,000 5,000,000 $2,380,000 3,400,000 a. Compute the ratio of liabilities to stockholders' equity for each year. Round your answers to 2 decimal places. Dec. 31, 2014 Dec. 31, 2013 b. Has the creditor's risk increased or decreased from December 31, 2013, to December 31, 20Y47 Increased