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

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Accounting

The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years:
The income before income tax expense was $850,200 and $743,900 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
b. Determine the times interest earned ratio for both years. Round your answers to one decimal place.
Current year
Previous year
c. The ratio of liabilities to stockholders' equity has improved and the number of times bond interest charges were earned has
from the previous year. These results are the combined result of a
income before income taxes and
interest expense in the current year compared to the previous year.
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