Financial statement data of New England $$Enterprises$,$ Inc., include the following$$ items:

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Part $1$

Requirement $1.$ Compute New England $$Enterprises$\text{'}$ current$$ ratio, debt$$ ratio, and earnings per share. Assume that the company has no preferred stock outstanding. Round all ratios to two decimal places.

Start by determining the formula for each$$ ratio, beginning with the current$$ ratio, followed by the debt$$ ratio, and then earnings per share.

Part $2$Part $3$

Current assets

$/$

Current liabilities

$=$

Current ratio

Total liabilities

$/$

Total assets

$=$

Debt ratio

Net income

$/$

Common shares outstanding

$=$

Earnings per share

Part $4$

Now compute New England's current$$ ratio, debt$$ rat

Requirement $1$

Current ratio

Debt ratio

Earnings per share

$1\mathrm{.}49$

$59\mathrm{.}02$

$\%$

$$2\mathrm{.}39$

Part $5$

Requirement $2.$ Compute the same three ratios after evaluating the effect of transactions a through dLOADING.... Consider each transaction separately. $($Round all ratios to two decimal$$ places.$)$

Part $6$Part $7$Part $8$

Requirement $2$

Current ratio

Debt ratio

Earnings per share

a$.$

$1\mathrm{.}41$

$61\mathrm{.}18$

$\%$

$$2\mathrm{.}39$

b$.$

$1\mathrm{.}80$

$54\mathrm{.}09$

$\%$

$$1\mathrm{.}93$

c$.$

$1\mathrm{.}83$

$62\mathrm{.}71$

$\%$

$$2\mathrm{.}39$

d$.$

$1\mathrm{.}49$

$59\mathrm{.}02$

$\%$

$$2\mathrm{.}39$Cash. $................................$

$$17,000$

Short$-$term investments. $.................$

$27,000$

Accounts receivable, net. $................$

$107,500$

Inventory. $.............................$

$117,100$

Prepaid expenses. $.....................$

$15,000$

Total assets. $..........................$

$658,200$

Short$-$term notes payable. $...............$

$42,500$

Accounts payable. $......................$

$109,000$

Accrued liabilities. $......................$

$39,000$

Long$-$term notes payable. $................$

$159,000$

Other long$-$term liabilities. $................$

$39,000$

Net income. $...........................$

$79,000$

Number of common shares outstanding. $....$

$33,000$

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Now, using tha

Requirement $1$

Current ratio

Debt ratio

Earnings per share

$1\mathrm{.}49$

$59\mathrm{.}02$

$\%$

$$2\mathrm{.}39$

Part $5$

Requirement $2.$ Compute the same three ratios after evaluating the effect of transactions a through dLOADING.... Consider each transaction separately. $($Round all ratios to two decimal$$ places.$)$

Part $6$Part $7$Part $8$

Requirement $2$

Current ratio

Debt ratio

Earnings per share

a$.$

$1\mathrm{.}41$

$61\mathrm{.}18$

$\%$

$$2\mathrm{.}39$

b$.$

$1\mathrm{.}80$

$54\mathrm{.}09$

$\%$

$$1\mathrm{.}93$

c$.$

$1\mathrm{.}83$

$62\mathrm{.}71$

$\%$

$$2\mathrm{.}39$

d$.$

$1\mathrm{.}49$

$59\mathrm{.}02$

$\%$

$$2\mathrm{.}39$

THE NEW QUESTION!

IT WOULD BE AMAZING IF SOMEONE COULD REPLY WITH A SOLUTICash. $................................$

$$25,000$

Short$-$term investments. $.................$

$20,000$

Accounts receivable, net. $................$

$109,400$

Inventory. $.............................$

$119,000$

Prepaid expenses. $.....................$

$9,000$

Total assets. $..........................$

$658,200$

Short$-$term notes payable. $...............$

$44,000$

Accounts payable. $......................$

$103,000$

Accrued liabilities.