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Financial statement data of Exotic Travel Magazine include the following items: (Click the icon to view the data.) Read the requirements. ... Requirement 1. Compute
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 Debt ratio = Total current assets + Total current liabilities = Total liabilities + Total assets (Net income - Preferred dividends) + Weighted average number of common shares outstanding Earnings per Share Now, compute Exotic Travel's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places, X.XX.) Current Ratio 1.59 Debt Ratio 0.63 $ Earnings per Share 2.33 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.) Current Ratio Debt Ratio Earnings per Share - X Data Table 1.46 0.66 $ 2.33 b. a. Cash $ 19,000 84,000 Accounts Receivable, Net Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities 186,000 638,000 98,000 38,000 46,000 Enter any number in the edit fields and then click Check Answer. 223,000 Help Me Solve This e Text Pages Get More Help 70,000 Check Answer Net Income Common Shares Outstanding 30,000 shares Financial statement data of Exotiq (Click the icon to view the dat - X Requirements Read the requirements, 1. Requirement 1. Compute Exotic 2. Begin by selecting the formula for = Total Current ratio Debt ratio Earnings per Share 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 $49,000 on account. b. Borrowed $126,000 on a long-term note payable. c. Issued 3,000 shares of common stock, receiving cash of $106,000 d. Received cash on account, $8,000. = Total li = (Net in Now, compute Exotic Travel's cur Current Ratio Debt 1.59 Print Done vo decimal places, X.XX.) Requirement 2. Compute the thre (Click on the icon to view the - X X Current Ratio Debt - X Transactions a. 1.46 b. DO a. Purchased merchandise inventory of $49,000 on account. b. Borrowed $126,000 on a long-term note payable. c. Issued 3,000 shares of common stock, receiving cash of $106.000. d. Received cash on account, $8,000. 00 DO Enter any number in the edit fields an Print Done DO DO Help Me Solve This e Text rayo UUTUNUT Net TTTCUTTI Tudbo Check Answer Common Shares Outstanding 30,000 shares
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