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 $924,000 $800,000current maturities of serial bonds payable 200,000 200,000serial bonds payable, 10%, issued 2009, due 2019 1,000,000 1,200,000common stock, $10 par value 250,000 250,000paid-in capital in excess of par 1,250,000 1,250,000retained earnings 860,000 500,000the income before income tax was $480,000 and $420,000 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 yearprevious yearb. determine the number of times the bond interest charges are earned during the year for both years. current year previous year

c. the ratio of liabilities to stockholders' equity has and the times interest earned ratio 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.