Cash $20,000

Accounts Receivable, Net 81,000

Merchandise Inventory 186,000

Total Assets 635,000

Accounts Payable 99,000

Accrued Liabilities 41,000

Short-term Notes Payable 48,000

Long-term Liabilities 224,000

Net Income 71,000

Common Shares Outstanding 10,000

1.	Compute Road Trip'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 $122,000 on a long-term note payable.
	c. Issued 1,000 shares of common stock, receiving cash of $105,000.
	d. Received cash on account, $8,000