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$ 25,000 83,500 $ Cash.. Accounts receivable, net Inventories Total assets. Short-term notes payable Accounts payable Accrued liabilities Long-term liabilities Net income Common shares outstanding

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$ 25,000 83,500 $ Cash.. Accounts receivable, net Inventories Total assets. Short-term notes payable Accounts payable Accrued liabilities Long-term liabilities Net income Common shares outstanding $ 169,500 $ 680,000 51,500 $ 105,000 $ 43,500 $ 208,000 $ 74,520 46,000 Financial statement data of Backroad Travel magazine include the following items (dollars in thousands): (Click the icon to view the financial statement data.) Requirements 1. Compute Backroad 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 inventory on account, $60,000 b. Borrowed $170,000 on a long-term note payable c. Issued 5,750 shares of common stock, receiving cash of $136,000 Received cash on account, $22,000 d. Requirement 1. Compute Backroad Travel's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Current Ratio Debt Ratio Earnings per Share

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