Year 2 Total assets $1,820,000 Total liabilities $500,000 Stockholders' equity 1,320,000 Net sales 475,000 Net income 83,000 Interest expense 10,200 Income taxes 16,000 Dividends paid to common stockholders 19,000 Average common shares outstanding 100,000 Based on the total debt-to-total assets ratio, which of the following is true: Creditors had a higher claim on assets in Year 1 than in Year 2. Shareholders had a slightly higher claim on assets in Year 1 than in Year 2 Efficiency increased from Year 1 to Year 2. O Liquidity increased from Year 1 to Year 2. Year 1 $1,464,000 $400,000 1,064,000 450,000 72,000 13,800 14,500 18,000 72,000