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The income before income tax expense was $1,041,600 and $911,400 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders'

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The income before income tax expense was $1,041,600 and $911,400 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round your answers to one decimal place. b. Determine the times interest earned ratio for both years. Round your answers to one decimal place. c. The ratio of liabilities to stockholders equitv has and the number of times bond interest charges were earmed has from the previous year. These reailts are the combined result of al Income before income taxes and interest expense in the current year compared to the previous year

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