Financial statement data of Style Traveler Magazine include the following items: (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. Current ratio Debt ratio =Total current assets + Total current liabilities =Total liabilities + Total assets Earnings per Share = (Income + Interest expense) + Average total assets Now, compute Style Traveler's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places, X.XX.) Current Ratio Debt Ratio 2.43 Earnings per Share Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction separately. (Round all (Click on the icon to view the transactions.) Current Ratio a. b. c. d. Debt Ratio Earnings per Share Requirements Data table Cash 23,000 Accounts Receivable, Net 81,000 Merchandise Inventory 185,000 Total Assets 635,000 Accounts Payable 99,000 Accrued Liabilities 37,000 Short-term Notes Payable 51,000 Long-term Liabilities Net Income 224,000 68,000 Common Shares Outstanding 20,000 shares Print Done 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. Next