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Financial statement data of Yankee Traveler magazine include the following items (dollars in thousands) (Click the icon to view the financial statement data.) Requirements 1.

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Financial statement data of Yankee Traveler magazine include the following items (dollars in thousands) (Click the icon to view the financial statement data.) Requirements 1. Compute Yankee Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal place 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction ser Purchased inventory on account, $60,000 b. Borrowed $170,000 on a long-term note payable Issued 6,500 shares of common stock, receiving cash of S136,000 d. Received cash on account, $22,500 Requirement 1. Compute Yankee Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two de Current Ratio Debt Ratio Earnings per Share Requirement 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each tran a. Purchased inventory on account, $60,000 (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share b. Borrowed $170,000 on a long-term note payable. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share c. Issued 6,500 shares of common stock, receiving cash of $136,000 (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share d. Received cash on account, $22,500 (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share Data Table - X Cash ... ... $ 25,000 Accounts receivable, net GA 83,500 Inventories $ 169,500 Total assets.. ..... $ 680,000 .... $ 51,500 ... Short-term notes payable.. Accounts payable .. Accrued liabilities . Long-term liabilities .... $ 105,000 .... $ 43,500 .....$ 208,000 $ 65,520 52,000 Net income... Common shares outstanding Print Done

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