The following data were taken from the financial statements of Starr Construction Inc. for December 31, 2016 and 20Y5: Dec. 31, 2016 Dec. 31, 2015 Accounts payable and other liabilities $220,000 $120,000 Current maturities of bonds payable 300,000 180,000 Serial bonds payable, 10%, issued 2008, due in five years 1,480,000 1,060,000 Common stock, $5 par value 160,000 110,000 Paid-in capital in excess of par 1,200,000 880,000 Retained earnings 2,640,000 2,410,000 The income before income tax was $640,800 and $384,400 for the years 20Y6 and 20Y5, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round to one decimal place. Dec. 31, 2016 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, 2015 c. What conclusions can be drawn from these data as to the company's ability to meet its currently maturing debts