Accounting Help

Financial statement data of Yankee Traveler Magazine include the following items: (Click the icon to view the data.) Requirements Read the requirements. Requirement 1. Compute Yankee Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Begin by selecting the formula for each ratio. 1. Compute Yankee Traveler'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 $47,000 on account. b. Borrowed $123,000 on a long-term note payable. c. Issued 4,000 shares of common stock, receiving cash of $104,000. d. Received cash on account, $2,000. Current ratio Total current assets + Total current liabilities = Total liabilities + Total assets Debt ratio Earnings per Share = (Net income - Preferred dividends) + Weighted average number of common shares outstanding Now, compute Yankee Traveler's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places, X.XX.) Current Ratio Debt Ratio Earnings per Share Print Done Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction separately. (Round all ratios to two decimal places, X.XX.) (Click on the icon to view the transactions.) Cash $ 23,000 Accounts Receivable, Net 84,000 Current Ratio Debt Ratio Earnings per Share Merchandise Inventory 188,000 a. Total Assets 634,000 b. Transactions Accounts Payable 102,000 c. Accrued Liabilities 40,000 d. 47,000 a. Purchased merchandise inventory of $47,000 on account. b. Borrowed $123,000 on a long-term note payable. c. Issued 4,000 shares of common stock, receiving cash of $104,000. d. Received cash on account, $2,000. Short-term Notes Payable Long-term Liabilities 221,000 Net Income 74,000 Common Shares Outstanding 40,000 shares Print Done Print Done Choose from any list or enter any number in the input fields and then continue