Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Accounts payable Current maturities of serial bonds payable Serial bonds payable, 10% Common stock, $1 par value Paid-in capital in excess of par Retained earnings Current Year Previous Year $328,000 $276,000 430,000 430,000 2,080,000 2,510,000 100,000 120,000 1,040,000 1,050,000 3,590,000 2,850,000 The income before income tax was $577,300 and $505,100 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 c. The ratio of liabilities to stockholders' equity has previous year. These results are the combined result of al in the current year compared to the previous year. and the times interest earned ratio has income before income taxes and from the interest expense