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The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years:
| Line Item Description | Current Year | Previous Year |
| Accounts payable | $500,000 | $150,000 |
| Current maturities of serial bonds payable | 330,000 | 330,000 |
| Serial bonds payable, 10% | 1,360,000 | 1,690,000 |
| Common stock, $1 par value | 80,000 | 90,000 |
| Paid-in capital in excess of par | 800,000 | 810,000 |
| Retained earnings | 2,770,000 | 2,200,000 |
The income before income tax expense was $574,600 and $502,800 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 1 |
| Previous year | fill in the blank 2 |
b. Determine the times interest earned ratio for both years. Round your answers to one decimal place.
| Line Item Description | Ratio |
| Current year | fill in the blank 3 |
| Previous year | fill in the blank 4 |
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