abilities Weighted average number of common shares outstanding hings per share. Band S IVA Share i Requirements 1. Compute Exotic Travel's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Purchased merchandise inventory of $42,000 on account. b. Borrowed $125,000 on a long-term note payable. c. Issued 4,000 shares of common stock, receiving cash of $106,000. d. Received cash on account, $7,000. Answer. Print Done Clear All Score: 0.33 of 2 pts 1 of 2 (1 complete) % P15-26A (similar to) Financial statement data of Exotic Travel Magazine include the following items: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute Exotic Travel's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Begin by selecting the formula for each ratio. Current ratio = Total current assets / Total current liabilities Debt ratio - Total liabilities / Total assets Earnings per Share = (Net income - Preferred dividends) /Weighted average number of common shares outstanding Now, compute Exotic Travel's current ratio, debt ratio, and earnings per share and in d n Current Ratio Debt Ratio Earnings per Share i Requirements 1. Compute Exotic Travels current ratio, debt ratio, and earnings per to two decimal places. Compute the three ratios after evaluating the effect of each transa Consider each transaction separately. a. Purchased merchandise inventory of $42,000 on account b. Borrowed $125,000 on a long-term note payable. c. Issued 4,000 shares of common stock, receiving cash of $106,00 d. Received cash on account, $7,000. Print Done Enter any number in the edit fields and then click Check Answer CE 1 parts Data Table Cash Accounts Receivable, Net Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Net Income Common Shares Outstanding 19,000 79,000 186,000 638,000 98,000 37,000 50,000 221,000 72,000 40,000 er share. R ei action that Print Done oo 000. Print Done CleanAT