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Ratio of Ubbisties to Stookholders Equity and Times Jiterest. Earned The following data were taken from the financial statements of Hunter inc, for December 31

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Ratio of Ubbisties to Stookholders" Equity and Times Jiterest. Earned The following data were taken from the financial statements of Hunter inc, for December 31 of two recent years: The income before income tax expense was $604,600 and $529,200 for the current and prior years, respectively. a. Dethrmine the ratio of liabiilies to stockholders' equity at the end of each year. Round to one decimal place. b. Ostermine the times interest earned ratio for both vears. Aound to one decimal place. c. The ratio of liabitities to steckholders' equity harve from the previous yesr. These results are the combined result of a interest texpense in the current year compared to the previous year. and the times interest earned ratio has income before income taxes and

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