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Financial statement data on Zeus Supplies Inc as at December 31,2020 , include the following items (Click the icon to view the financial statement data.)
Financial statement data on Zeus Supplies Inc as at December 31,2020 , include the following items (Click the icon to view the financial statement data.) Required Requirement 1. Compute Zeus Supplies Inc 's current ratio debt ratio and earnings per share (Round the ratios to two decimal places and the EPS amount to the nearest cent.) More info Required Required 1. Compute Zeus Supplies Inc 's current rato, debt ratio, and earnings per share 2. Compute each of the three ratios after evaluating the effect of each transaction that follows Consider each transaction separately. a. Borrowed $110,000 on a long-term note payable b. Issued 12,000 common shares on January 2, 2021, receiving cash of \$188,000 c. Received cash on account, $45,000 d. Paid short-term note payable $55,000 e. Purchased merchandise costing $78,000 on account debiting Inventory f. Paid long-term liabilities $33000 g. Declared but did not pay a $49000 cash dividend on the common shares Requirement 1. Compute Zeus Supplies inc 's current ratio, debt ratio and earnings per share (Round the ratios to two decimal places and the EPS amount to the nearest cent.)
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