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Financial statement data of Road Trip magazine include the following items (dollars in thousands): (Click the icon to view the financial statement data.) Requirements
Financial statement data of Road Trip magazine include the following items (dollars in thousands): (Click the icon to view the financial statement data.) Requirements 1. Compute Road Trip'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, $47,500 b. Borrowed $209,000 on a long-term note payable 0. d. Issued 6,500 shares of common stock, receiving cash of $125,400 Received cash on account, $22,000 www Requirement 1. Compute Road Trip's current ratio, debt ratio, and eamings 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 aeparately a. Purchased inventory on account, $47,500 (Round your answers to two decimal places) Current Ratio Debt Ratio Earnings per Share wers to two decimal places)
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