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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
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 necent years: The income before income tax expense was $690,000 and $603,800 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each yeac. Round to one declimai 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 and the number of times band laterest chorges were eamed has the previous year. These results are the combined result of a income before income teres and intereat expentar in the current year compared to the previous year. 3 more Check My Work uses nemaining 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 necent years: The income before income tax expense was $690,000 and $603,800 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each yeac. Round to one declimai 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 and the number of times band laterest chorges were eamed has the previous year. These results are the combined result of a income before income teres and intereat expentar in the current year compared to the previous year. 3 more Check My Work uses nemaining
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