Financial statement data of Westland Engineering Limited include the following items: E(Click the icon to view the financial statement data.) Required Requirement 1. Compute Westland's current ratio, debt ratio, and earnings per share. Use dollar and share amounts in thousands except for EPS. Start by determining the formula for each ratio, beginning with the current ratio, followed by the debt ratio, and then earnings per share. Requirements Data Table Now al places.) Cash $ 45,000 Accounts payable $ 143,500 Short-term investments 17,500 Accrued liabilities 1. Compute Westland's current ratio, debt ratio, and earnings per share. Use dollar and share amounts in thousands except for EPS. 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Borrowed $28,000 on a long-term note payable b. Issued 9,500 common shares, receiving cash of $103,000 c. Paid short-term notes payable, $52,000 d. Purchased merchandise of $48,500 on account, debiting Inventory e. Received cash on account, $6,000 48,500 Accounts receivable, net 147,000 Inventories 79.000 Prepaid expenses 100,000 Long-term notes payable 273,500 Other long-term liabilities 15,500 Net income.. 927,000 Number of common 73,000 shares outstanding 106,000 Total assets Short-term notes payable 21,500 Print Done Print Done Done