Ratio of abilities to Stockholders' Equity and Times Interest Eamed The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Previous Year Year Accounts payable $854,000 $200,000 Current maturitles of serial bonds payable 510,000 510,000 Serial bonds payable, 10% 2,020,000 2,530,000 Common stock, $1 par value 90,000 100,000 Pald-in capital in excess of par 930,000 940,000 Retained earnings 3,210,000 2,560,000 The Income before income tax expense was $809,600 and $708,400 for the current and previous years, respectively, a. Determine the ratio of Mobilities 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. deteriorated Current year Previous year improved C. The ratio of abilities to stockholders' equity has previous year. These results are the combined result of a year compared to the previous year and the number of times bond interest charges were earned has from the Income before income taxes and Interest expense in the current