Financial statement data of Style Traveler Magazine include the following items: II (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 - Total current assets + Total current liabilities Debt ratio Total liabilities - Total assets Earnings per Share = (Net income Preferred dividends) Weighted average number of common shares outstanding 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 Earnings per Share 1.60 0.64 0.97 Requirement 2. Compute the three ration after evaluating the effects of each transaction. Consider each transaction separately. (Round all ration to two (Click on the icon to view the transactions.) Current Ratio Debt Ratio Earnings per Share 0.81 Data Table Cash 21.000 83,000 188,000 640,000 98,000 Accounts Receivable, Net Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Net Income Common Shares Outstanding 35,000 50,000 227,000 68,000 70,000 shares Print Done Now, compute Style Traveler's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places, X.XX) Current Ratio 1.60 Debt Ratio 0.64 Earnings por Share 0.97 Requirement 2. Compute the three ratios after evaluating the effects of such transaction. Consider each transaction separately. (Round at ration to two decimal (Click on the icon to view the transactions.) Debt Ratio Earnings per Share Current Ratio 0.81 b G d. Choose from any list or enter any number in the input fields and then continue to the next question Transactions x a. Purchased merchandise inventory of $46,000 on account. b. Borrowed $126,000 on a long-term note payable. C. Issued 7,000 shares of common stock, receiving cash of $107.000 d. Received cash on account, $8,000. Print Done rabos to two decimal places, X.XX.) Data Table