Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Starr Construction Inc. for December 31, 2016 and 20Y5: Dec. 31, 2016 Dec. 31, 2045 Accounts payable and other liabilities $122,000 $36,000 Current maturities of bonds payable 160,000 60,000 Serial bonds payable, 10%, issued 2008, due in five years 790,000 360,000 Common stock, $5 par value 110,000 70,000 Paid-in capital in excess of par 800,000 590,000 Retained earnings 1,770,000 1,620,000 The income before income tax was $275,500 and $88,200 for the years 20Y6 and 2085, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round to one decimal place. Dec. 31, 2046 3 Dec. 31, 2015 b. Determine the times (bond) interest earned during the year for both years. Round to one decimal place. Dec. 31, 2016 Dec. 31, 2045 c. What conclusions can be drawn from these data as to the company's ability to meet its currently maturing debts