1. Compute Trinton's current ratio, debt ratio, and earnings per share. 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. Borrowed $110,000 on a long-term note payable b. On January 1, Issued 40,000 shares of common stock, receiving cash of $366,000 c. Paid short-term notes payable, S27,000 d. Purchased merchandise of $48,000 on account, debiting Inventory. Received cash on account, $17,000. e. $ 103,000 Cash $ 20,000 Accounts payable Short-term investments 33,000 Accrued liabilities 36,000 Accounts receivable, net Long-term notes payable 83,000 160,000 147,000 Other long-term liabilities 31,000 Inventories 10,000 Net income.. Prepaid expenses 97,000 Total assets Number of common 676,000 Short-term notes payable. 43,000 shares outstanding 48,000 Requirement 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately (Round all ratios to two decimal places) Current ratio Debt ratio Earnings per share 2.90 0.64 h C. d