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 Prior Year

Accounts payable $$924,000$ $$800,000$

Current maturities of serial bonds payable $200,000200,000$

Serial bonds payable, $10\%1,000,0001,200,000$

Common stock, $$10$ par value $250,000250,000$

Paid$-$in capital in excess of par $1,250,0001,250,000$

Retained earnings $860,000500,000$

The income before income tax expense was $$480,000$ and $$420,000$ for the current and prior years, respectively.

a$.$ Determine the ratio of liabilities to stockholders' equity at the end of each year. Round to one decimal place.

Current year fill in the blank $1$

Prior year fill in the blank $2$

b$.$ Determine the times interest earned ratio for both years. Round to one decimal place.

Current year fill in the blank $3$

Prior year fill in the blank $4$