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Financial statement data of Greatland Engineering include the following items (Click the loon to view the financial statement data.) Read the requirements Data table

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Financial statement data of Greatland Engineering include the following items (Click the loon to view the financial statement data.) Read the requirements Data table Cash $ 26.000 Accounts payable $ 107,000 Short-term investments 36,000 Accrued labies 32,000 Accounts receivable, net 85.000 Long-term notes payable 163,000 Inventories 147,000 Other long-term labies 34.000 Prepaid expenses 6.000 Net income 99,000 Total assets 677.000 Number of common Short-term notes payable 40,000 shares outstanding 40,000 Print Done Requirements 1. Calculate Greatand's current ratio, debt ratio, and earnings per shans Round a ratios to two decimal places 2. Calculate the three ratios after evaluating the effect of each transaction that follows Consider each transaction separately a. Borrowed $105,000 on a long-term note payable b. On January 1, Issued 40.000 shares of common stock, receiving cash of $300,000 e. Paid off short-term notes payable, $28,000 d. Purchased $43,000 of merchandise on account, debiting Inventory e. Recolved cash on account. $17,000 Print Done

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