Question: Question Completion Status: QUESTION 9 Given the following data: Dec. 31. Year 2 Total liabilities $128,250 Total stockholders' equity 95,000 Dec 31, Year 1 $120,000
Question Completion Status: QUESTION 9 Given the following data: Dec. 31. Year 2 Total liabilities $128,250 Total stockholders' equity 95,000 Dec 31, Year 1 $120,000 80,000 Compute the ratio of liabilities to stockholders' equity for each year. Round to two decimal places. a. 1.50 and 1.07, respectively b. 1.35 and 1.50, respectively c. 1.19 and 1.35, respectively d. 1.07 and 1.19, respectively
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