Financial statement data of Helgeson Enterprises, Inc., include the following items:

Requirements

1. Compute Helgeson Enterprises? current ratio, debt ratio, and earnings per share. Assume that the company has no preferred stock outstanding. Round all ratios to two decimal places.

2. Compute the same three ratios after evaluating the effect of each of the following independent transactions:

a. Purchased merchandise of $35,600 on account, debiting Inventory.

b. Issued 6,000 shares of common stock, receiving cash of $75,000. Use total shares outstanding at year?s end instead of average shares outstanding.

c. Borrowed $45,000 on a long-term note payable.

d. Received cash on account, $12,000.

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$ 24,300 28,100 90,600 116,800 11,300 662,700 50,000 78,300 32,500 150,000 41,200 82,900 35,000 Cash.. Short-Term Investments... Accounts Receivable, Net.. Inventory.. Prepaid Expenses.. Total Assets .. Short-Term Notes Payable. Accounts Payable. . Accrued Liabilities. Long-Term Notes Payable.. Other Long-Term Liabilities Net Income . Number of Common Shares Outstanding