Question: please help me with B: current year thank you gnment/takeAssignment Main.do?invokere&takeAssignmentSessionLocator=&inprogress=false The. HG HTML Goodies: The... Google File a Police Report. Nike Yeezy 2 Top
gnment/takeAssignment Main.do?invokere&takeAssignmentSessionLocator=&inprogress=false The. HG HTML Goodies: The... Google File a Police Report. Nike Yeezy 2 Top S... - Nike Air Yeezy 2 Su.. Super Perfect Air Ye. eBook Calculator 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 $140,000 $215,000 Current maturities of serial bonds payable 290,000 290,000 Serial bonds payable, 10% 1,480,000 1,770,000 Common stock, $1 par value 80,000 90,000 Pald-in capital in excess of par 840,000 850,000 Retained earrings 2,900,000 2,310,000 The income before income tax expense was $725,700 and $635,000 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. Current year 0.5 Previous year 0.7 b. Determine the times interest earned ratio for both years. Round to one decimal place. Current year Previous year 4.1 c. The ratio of liabilities to stockholders' equity has improved and the number of times bond interest charges were earned has in the previous vear These results are the combined result of a tarder income hefore income taxes and lower interest anong
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