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Rate of the holders' equity and time interested The following data were taken from the financial statements of Hunter Inc. for December of two recent
Rate of the holders' equity and time interested The following data were taken from the financial statements of Hunter Inc. for December of two recent years Current Previous Year Year Accounts payable 5768,000 $198.000 Current maturities of seral bonds payable 480,000 400,000 Serial bonds payable, 10% 1.930,000 2,410,000 Common stock, si par value 90,000 120,000 Paid in capital in excess of par 1,000,000 1,000,000 Ritained earnings 3,450,000 2.740.000 The income before income tax expense was $295.300 and 695,000 for the current and previous years, respectively a. Determine the ratio of testo stockholders equity at the end of each year, Round your answers to one decimal place Current year Previous year Determine the time interest med for both years. Round your answers to one decimal place Current year Prev year The rate of birties to stockholders equity has and the number of times and terest charges were and has from the previous Year These results are the combined result of a income before income taxes and interest expense in the current year compared to the previous year
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