Question: How do I find the equation and answer Given the following data: Dec. 31, Year 2 Dec. 31, Year 1 Total liabilities $128,250 $120,000 Total
How do I find the equation and answer

Given the following data: Dec. 31, Year 2 Dec. 31, Year 1 Total liabilities $128,250 $120,000 Total owner's equity 95,000 80,000 Compute the ratio of liabilities to owner's equity for each year. Round to two decimal places. Oa. 1.35 and 1.50, respectively Ob. 1.19 and 1.35, respectively Oc. 1.07 and 1.19, respectively Od. 1.50 and 1.07, respectively
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