A company had the following data for two recent years:    De…

A company had the following data for two recent years:    Dec. 31, Year 2       Dec. 31, Year 1 Total liabilities                      $128,250                 $120,000 Total stockholders’ equity         95,000                   $80,000 Compute the ratio of liabilities to stockholders’ equity for each year.  Round to two decimal places.