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. (Round all ratios to two decimal places, X.XX.) Current Ratio Debt Ratio 0.65 Earnings per Sharo 3.65 1.50 htio da ban decimal places Requirements Data Table 1. Compute Exotic Travels 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 soparately a. Purchased merchandise inventory of $42,000 on account b. Borrowed $123,000 on a long-term noto payable. c. Issued 2,000 shares of common stock, receiving cash of $106,000 d. Received cash on account, $3,000 Cash Accounts Receivable, Net Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Not Incomo Common Shares Outstanding $ 18,000 82,000 185,000 636,000 101.000 38.000 50,000 224.000 73,000 20,000 shares ces, XXX) Print Done b. C. Print Done d. Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider cach transaction separately (Round a ratios to two decalces. (Click on the con to view the transactions) Current Ratio Debt Ratio Earnings per Share ta d. Transactions - X sha ead a. Purchased merchandise inventory of $42,000 on account. b. Borrowed $123,000 on a long-term note payable. c. Issued 2,000 shares of common stock, receiving cash of $106,000. d. Received cash on account, $3,000. K.XX.) re Print Done