Financial statement data of Extra Travel magazine include the following items (dollars in thousands): (Click the icon to view the financial statement data.) Requirements 1. Compute Extra 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. Purchased inventory on account, $48,000 2. a. b. C. d. Issued 7,500 shares of common stock, receiving cash of $176,400 Received cash on account, $21,500 Borrowed $210,000 on a long-term note payable Data table Requirement 1. Compute Extra Travel's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Current Ratio Debt Ratio Earnings per Share Requirement 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately a. Purchased inventory on account, $48,000 (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share b. Borrowed $210,000 on a long-term note payable. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share c. Issued 7,500 shares of common stock, receiving cash of $176,400. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share d. Received cash on account, $21,500. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share Cash... $ 23,500 Accounts receivable, net 79,000 Inventories.... 197,800 Total assets. $ 630,000 Short-term notes payable.. $ 50,500 Accounts payable.... 100,000 Accrued liabilities 59,500 Long-term liabilities... 193,200 Net income.... 81,000 Common shares outstanding 60,000 Print Done - X