1.ComputeWestland'scurrentratio,debtratio,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 transactionseparately.
a.	Borrowed$ 100,000on along-termnote payable.
b.	On January1,Issued40,000shares of commonstock,receiving cash of$363,000.
c.	Paidshort-termnotespayable,$29,000.
d.	Purchased merchandise of$48,000onaccount,debiting Inventory.
e.	Received cash onaccount,$22,000.