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Financial statement data of Style Traveler Magazine include the following items: EE (Click the icon to view the data.) Read the requirements. Requirement 1. Compute
Financial statement data of Style Traveler Magazine include the following items: EE (Click the icon to view the data.) Read the requirements. Requirement 1. Compute Style Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Begin by selecting the formula for each ratio. Now, compute Style Traveler's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places, XXX.) Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction separately. (Round all ratios to two decimal places, X.XX) (1.) (Click-on the icon to view the transactions.) Requirements 1. Compute Style Traveler'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. a. Purchased merchandise inventory of $49,000 on account. b. Borrowed $127,000 on a long-term note payable. c. Issued 2.000 shares of common stock, receiving cash of $107.000 d. Received cash on account, $5,000
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