1 Dald Table Financial statement data of Exotic Travel Magazine include the following items: (Click the icon to view the data.) Cash Read the requirements. $ Accounts Receivable, Net Merchandise Inventory Requirement 1. Compute Exotic Travel's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Total Assets Begin by selecting the formula for each ratio. Current ratio = Total current assets / Total current liabilities Debt ratio = Total liabilities / Total assets Eamings per Share = (Net income - Preferred dividends) / Weighted average number of common shares outstanding Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Net Income 22,000 84,000 183,000 636,000 104,000 38,000 45,000 221,000 74,000 30,000 Now, compute Exotic Travel's current ratio, debt ratio, and eamings per share. (Round all ratios to two decimal places, XXX.) Current Ratio Debt Ratio Earnings per Share 1. 550 .64 $2.47 Common Shares Outstanding Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction separately (Click on the icon to view the transactions.) Requirements Current Ratio Debt Ratio Earnings per Share $2.47 $2.47 1. Compute Exotic Travel'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. Purchased merchandise inventory of $46,000 on account. b. Borrowed $123,000 on a long-termi note payable. c. Issued 3,000 shares of common stock, receiving cash of $102,000. d. Received cash on account, $2,000. $2.47