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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.
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. 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. Purchased inventory on account, $97,500 b. Borrowed $189,000 on a long-term note payable Issued 7,500 shares of common stock, receiving cash of $138,600 d. Received cash on account, $19,000 a. C. - X 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 1.63 Cash 20,000 Requirement 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Purchased inventory on account, $97,500 (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share Accounts receivable, net $ 84.500 Inventories $ 142,100 b. Borrowed $189,000 on a long-term note payable. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share Total assets $ 630,000 Short-term notes payable.. $ 47,000 Accounts payable 106.000 Accrued liabilities 27,000 Long-term liabilities $ 204,300 Net income 81,000 Common shares outstanding ........ 60,000 c. Issued 7,500 shares of common stock, receiving cash of $138,600. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share Print Done d. Received cash on account, $19,000. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share
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