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the last 4 pictures are just to show the options available for answers Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following
the last 4 pictures are just to show the options available for answers
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Previous Year Year Accounts payable $519,000 $319,000 Current maturities of serial bonds payable 530,000 530,000 Serial bonds payable, 10% 2,500,000 3,030,000 Common stock, $i par value 100,000 130,000 Paid-in capital in excess of par 1,120,000 1,120,000 Retained earnings 3,850,000 3,060,000 The Income before income tax expense was $696,900 and $609,800 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 and the number of times bond interest charges were earned has from the previous year. These results are the combined result of a Income before income taxes and Interest expense in the current year compared to the previous year. 4:40 PM deteriorated improved ockholders' equity has and the number of times bo me previous year. These results are the combined result of a interest expense in the current year compared to the previous year. deteriorated Pr improved C. bilities to stockholders' equity has and from the previous year. These results are the combined interest expense in the current year compare taxes and larger smaller ockholders' equity has and the number of e previous year. These results are the combined result of a Interest expense in the current year compared to the previous year Interest charges were earned has Income before income Previous year C. The ratio of 1 larger to stockholders' equity has and the number of times bond Intere lower m the previous year. These results are the combined result of a Interest expense in the current year compared to the previous year. taxes and Step by Step Solution
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