The following data were taken from the financial statements of Weal Construction Inc. for December 31 of two recent years: Current Year Previous Year

Accounts payable $540,000 $328,000

Current maturities of serial bonds payable 550,000 550,000

Serial bonds payable, 10%, issued 2009, due 2019 2,550,000 3,100,000

Common stock, $1 par value 110,000 130,000

Paid-in capital in excess of par 1,140,000 1,150,000

Retained earnings 3,950,000 3,140,000

The income before income tax was $1,023,000 and $895,100 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 number of times the bond interest charges are earned during the year for both years. Round to one decimal place.

Current year

Previous year