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Given the Following Data Compute the Ratio of Liabilities to Owner's Equity for Each

question 14

Multiple Choice

Given the following data:
Dec. 31,2014Dec. 31,2013 Total liabilities $128,250$120,000 Total owner’s equity 95,00080,000\begin{array}{lcc}Dec. ~31,2014&Dec. ~31,2013\\\hline\text { Total liabilities } & \$ 128,250 & \$ 120,000 \\\text { Total owner's equity } & 95,000 & 80,000\end{array}
Compute the ratio of liabilities to owner's equity for each year. Round to two decimal places.

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