s to Equity and Number of Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years Accounts payable Current maturities of serial bonds payable Serial bonds payable, 10% Common stock, $1 par value Paid-in capital in excess of par Retained earnings The income before income tax was $810,600 and $709.300 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 $331,000 340,000 1.590,000 70,000 710,000 2,450,000 $205,000 340,000 1,930,000 80,000 720,000 1,950,000 year b. Determine the times interest earned ratio for both years, Round to one decimal place. Previous year c. The ratio of liabities to stockholide's taxes and lower V interest expense in the current year compared to the previous year equity has improved and the number of times bond interest charges were e