The following data were taken from the financial statements of Hunter Inc. for December of two recent years:
Line Item Description Current
Year Previous
Year
Accounts payable $ $
Current maturities of serial bonds payable
Serial bonds payable,
Common stock, $ par value
Paidin capital in excess of par
Retained earnings
The income before income tax expense was $ and $ 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.
Line Item Description Ratio
Current year fill in the blank
Previous year fill in the blank
b Determine the times interest earned ratio for both years. Round your answers to one decimal place.
