The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years:

The income before income tax was $480,000 and $420,000 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.
b. Determine the number of times the bond interest charges are earned during the year for both years. Round to one decimal place.
c. What conclusions can be drawn from these data as to the company's ability to meet its currently maturing debts?

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Current Year Accounts payable Current maturities of serial bonds payable Serial bonds payable, 1096, issued 2009, due 2019 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 924,000 200,000 1,000,000 250,000 1,250,000 860,000 Previous Year 800,000 200,000 1,200,000 250,000 1,250,000 500,000