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estion list Financial statement data of Greatland Engineering include the following items: ( Click the icon to view the financial statement data. ) Question 1
estion list Financial statement data of Greatland Engineering include the following items: Click the icon to view the financial statement data. Question Question Requirement Calculate Greatland's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Start by determining the formula for each ratio, beginning with the current ratio, followed by the debt ratio, and then earnings per share. Current ratio Data table Requirements tableCash$Accounts payable,$Shortterm investments,,Accrued liabilities,,Accounts receivable, net,,Longterm notes payable,,InventoriesOther longterm liabilities,,Prepaid expenses,,Net income,,Total assets,,Number of common,,Shortterm notes payable,,shares outstanding,, Calculate Greatland's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Calculate the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a Borrowed $ on a longterm note payable b On January Issued shares of common stock, receiving cash of $ c Paid off shortterm notes payable, $ d Purchased $ of merchandise on account, debiting Inventory e Received cash on account, $
estion list
Financial statement data of Greatland Engineering include the following items:
Click the icon to view the financial statement data.
Question
Question
Requirement Calculate Greatland's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places.
Start by determining the formula for each ratio, beginning with the current ratio, followed by the debt ratio, and then earnings per share.
Current ratio
Data table
Requirements
tableCash$Accounts payable,$Shortterm investments,,Accrued liabilities,,Accounts receivable, net,,Longterm notes payable,,InventoriesOther longterm liabilities,,Prepaid expenses,,Net income,,Total assets,,Number of common,,Shortterm notes payable,,shares outstanding,,
Calculate Greatland's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places.
Calculate the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately.
a Borrowed $ on a longterm note payable
b On January Issued shares of common stock, receiving cash of $
c Paid off shortterm notes payable, $
d Purchased $ of merchandise on account, debiting Inventory
e Received cash on account, $
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