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Financial statement data of Style Traveler magazine include the following items (dollars in thousands): (Click the icon to view the financial statement data.) Requirements 1.
Financial statement data of Style Traveler magazine include the following items (dollars in thousands): (Click the icon to view the financial statement data.) 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 inventory on account, $36,000) b. Borrowed $189,000 on a long-term note payable C. d. Issued 5,750 shares of common stock, receiving cash of $138,600 Received cash on account, $19,000 Requirement 1. Compute Style Traveler's current ratio, debt ratio, and earnings 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 separately. a. Purchased inventory on account, $36,000 (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share Requirement 1. Compute Style Traveler's current ratio, debt ratio, and earnings 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 separately. a. Purchased inventory on account, $36,000 (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share b. Borrowed $189,000 on a long-term note payable. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share c. Issued 5,750 shares of common stock, receiving cash of $138,600. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share Data table Cash... 69 $ 23,000 - Accounts receivable, net ... $ 81,000 Inventories.... .... $ 192,100 Total assets ...... $ 630,000 Short-term notes payable............ $ 50,000 Accounts payable ...... $ 102,000 Accrued liabilities....... $ 58,000 Long-term liabilities .... $ 174,300 Net income .... $ 74,520 Common shares outstanding 46,000
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