Financial statement duts of Modern Traveler magazine include the following terms (dollars in thousands Click the icon to view the francial statement data) Requirements 1. Compute Modern Travelers current ratio, det rolio, and earnings per share. Round all ration to wo deomal places 2. Compute the three rution after evaluating the effect of each transaction that follows. Consider each transaction separately Purchased inventory on account, $98,000 Borrowed 5100,500 on a long-term not payable Issued 6.250 shares of common stock, receiving cath of $119,700 Received cash on account 120.500 b. e. d. Requirement 1, Compute Modern Traveler's current ruto, debt ratio, and earnings per share. Round all ratios to two decimo plocen Current Ratio Debt Ratio Earnings per Share Requirement 2. Compute the three ratios ator evaluating the effect of each transaction that follows. Consider cach transaction soprawy 4. Purchased Inventory on account, 598,800 (Round your answer to two decimal plan.) Current Ratio Debt Ratio Lamines por Share b. Borrowed $109.500 on a long-term note payable. (Round your answers to two decimal places) Current Ratio Debt Ratio faringe per Share c. Issued 6.250 shares of common stock, receiving cash of $119.700. Round your answer to two decimal places) Current Ratio Debt Ratio Earnings per Share d. Received cash on account, $20,500. (Round your awers to two decimal places) Current Ratio Debt Ratio Earnings per Share Cash .. $ 21,500 E Accounts receivable, net ... $ 85,000 Inventories .. $ 155,700 Total assets. $ 598,500 $ 48,000 Short-term notes payable... Accounts payable $ 104,000 Accrued liabilities $ 38.000 $ 169,100 Long-term liabilities Net income.. $ 72,000 Common shares outstanding ...... 50,000 Print Done