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Given the following data:Dec. 31,Year 2 Dec. 31,Year 1Total liabilities $128,250 $120,000Total owner's equity 95,000 80,000Compute the ratio of liabilities to owner's equity for each year. Round to two decimal places.
Positive Economics
The branch of economics that concerns the description and explanation of economic phenomena.
Consequences
The outcomes or effects that stem from a particular action or decision, which can be intended or unintended and positive or negative.
Stability
The condition of an economy characterized by constant or predictable levels of growth, inflation, and employment.
Steady Rate
A constant or unchanging rate over a period of time, often used to describe economic growth, inflation, or other financial metrics.
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