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

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The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable $352,000 $296,000 Current maturities of serial bonds payable 450,000 450,000 Serial bonds payable, 10% 2,180,000 2,630,000 Common stock, $1 par value 100,000 120,000 Paid-in capital in excess of par Retained earnings 1,090,000 1,100,000 3,780,000 3,000,000 The income before income tax expense was $789,000 and $690,400 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round your answers to one decimal place. Current year Previous year 0.6 V 0.8 b. Determine the times interest earned ratio for both years. Round your answers to one decimal place. Current year Previous year 3.6 X 2.6 X c. The ratio of liabilities to stockholders' equity has has from the previous year. These results are the combined result of a and the number of times bond interest charges were earned income before 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 $352,000 $296,000 Current maturities of serial bonds payable 450,000 450,000 Serial bonds payable, 10% 2,180,000 2,630,000 Common stock, $1 par value 100,000 120,000 Paid-in capital in excess of par Retained earnings 1,090,000 1,100,000 3,780,000 3,000,000 The income before income tax expense was $789,000 and $690,400 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round your answers to one decimal place. Current year 0.6 Previous year 0.8 b. Determine the times interest earned ratio for both years. Round your answers to one decimal place. Current year Previous year 3.6 X 2.6 X c. The ratio of liabilities to stockholders' equity has has from the previous year. These results are the combined result of a and the number of times bond interest charges were earned income before The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable $352,000 $296,000 Current maturities of serial bonds payable 450,000 450,000 Serial bonds payable, 10% 2,180,000 2,630,000 Common stock, $1 par value 100,000 120,000 Paid-in capital in excess of par Retained earnings 1,090,000 1,100,000 3,780,000 3,000,000 The income before income tax expense was $789,000 and $690,400 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round your answers to one decimal place. Current year Previous year 0.6 V 0.8 b. Determine the times interest earned ratio for both years. Round your answers to one decimal place. Current year Previous year 3.6 X 2.6 X c. The ratio of liabilities to stockholders' equity has has from the previous year. These results are the combined result of a and the number of times bond interest charges were earned income before 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 $352,000 $296,000 Current maturities of serial bonds payable 450,000 450,000 Serial bonds payable, 10% 2,180,000 2,630,000 Common stock, $1 par value 100,000 120,000 Paid-in capital in excess of par Retained earnings 1,090,000 1,100,000 3,780,000 3,000,000 The income before income tax expense was $789,000 and $690,400 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year. Round your answers to one decimal place. Current year 0.6 Previous year 0.8 b. Determine the times interest earned ratio for both years. Round your answers to one decimal place. Current year Previous year 3.6 X 2.6 X c. The ratio of liabilities to stockholders' equity has has from the previous year. These results are the combined result of a and the number of times bond interest charges were earned income before