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: Current Year Previous Year Accounts payable $664,000 $197,000 Current maturities of serial bonds payable 440,000 440,000 Serial bonds payable, 10% 1,800,000 2,240,000 Common stock, $1 par value 100,000 120,000 Paid-in capital in excess of par Retained earnings 1,060,000 3,680,000 1,070,000 2,920,000 The income before income tax expense was $828,800 and $725,200 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 year. These results are the combined result of a previous year. and the number of times bond interest charges were earned has from the previous income before income taxes and interest expense in the current year compared to the