Ratio of Liabilities to Stockholders' Equity and Number of 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 $575,000 $156,000 Current maturities of serial bonds payable 350,000 350,000 Serial bonds payable, 10% 1,440,000 1,790,000 Common stock, $1 par value 70,000 80,000 Paid-in capital in excess of par 740,000 750,000 Retained earnings 2,570,000 2,040,000 The income before income tax was $501,200 and 5438,600 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