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1. Compute Road Trip's current ratio, debt ratio, and earnings per shagre. Round all ratios to two decimal places. 2. Compute the three ratios after
1. Compute Road Trip's current ratio, debt ratio, and earnings per shagre. Round all ratios to two decimal places. 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Purchased merchandise inventory of $49,000 on account. b. Borrowed $122,000 on a long-term note payable. c. Issued 2,000 shares of common stock, receiving cash of $107,000. d. Received cash on account, $5,000, Data table Requirement 1. Compute Road Trip's current ratio, debt ratio, and earnings per share, Round all ratios to two decimal places. Begin by sotecting the formula for each ratio. a. Purchased merchandise inventory of $49,000 on account. b. Borrowed $122,000 on a long-term note payable. c. Issued 2,000 shares of common stock, receiving cash of $107,000. d. Received cash on account, $5,000. Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction soparately. (Round all ratios to two docimat places, X. . ) (Click on the icon to view the transactions.) 1. Compute Road Trip's current ratio, debt ratio, and earnings per shagre. Round all ratios to two decimal places. 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Purchased merchandise inventory of $49,000 on account. b. Borrowed $122,000 on a long-term note payable. c. Issued 2,000 shares of common stock, receiving cash of $107,000. d. Received cash on account, $5,000, Data table Requirement 1. Compute Road Trip's current ratio, debt ratio, and earnings per share, Round all ratios to two decimal places. Begin by sotecting the formula for each ratio. a. Purchased merchandise inventory of $49,000 on account. b. Borrowed $122,000 on a long-term note payable. c. Issued 2,000 shares of common stock, receiving cash of $107,000. d. Received cash on account, $5,000. Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction soparately. (Round all ratios to two docimat places, X. . ) (Click on the icon to view the transactions.)
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