The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year $924,000 200,000 1,000,000 250,000 1,250,000 860,000 Previous Year $800,000 200,000 1,200,000 250,000 1,250,000 500,000 Accounts payable Current maturities of serial bonds payable Serial bonds payable, 10% Common stock, $10 par value Paid-in capital in excess of par Retained earnings The income before income tax was $480,000 and $420,000 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 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 previous year. These results are the combined result of a expense in the current year compared to the previous year 0.9 1.1 and the times interest earned ratio has from the income before income taxes and interest