Question: Dec. 31, Year 2 Dec. 31, Year 1 Total liabilities $128,250 $120,000 Total stockholders' equity 95,000 80,000 Compute the ratio of liabilities to stockholders' equity

Dec. 31, Year 2 Dec. 31, Year 1 Total liabilities $128,250 $120,000 Total stockholders' equity 95,000 80,000 Compute the ratio of liabilities to stockholders' equity for each year. Round to two decimal places. a. 1.19 and 1.35, respectively b. 1.07 and 1.19, respectively c. 1.50 and 1.07, respectively d. 1.35 and 1.50, respectively

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