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

Multiple Choice

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

A) 1.50 and 1.07, respectively
B) 1.35 and 1.50, respectively
C) 1.07 and 1.19, respectively
D) 1.19 and 1.35, respectively