Find current ratio, debt ratio and earnings per share

Transactions a. Purchased merchandise inventory of $48,000 on account. b. Borrowed $127,000 on a long-term note payable. c. Issued 1,000 shares of common stock, receiving cash of $106,000. d. Received cash on account, $5,000 Data Table Cash S 21,000 79,000 186.000 639,000 102.000 38,000 49000 221.000 69 000 10/000 Accounts Receivable Net (Round Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Net Income Common Shares Outstanding Check Ans Financial statement data of American Traveler Magazine include the following items EE (Click the icon towew the data.) Read the requirements Current ratio Total current assets / Total current liabilities Debt ratio - Total liabilities /Total assets r Share (Net income - Preferred dividends)/ Weighted average number of common shares outstanding Now, compute American Traveler's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places, x.x) Current Ratio Debt Ratio Earnings per Share 1.51 0.64 $ 6.90 Requirement 2. Compute the three ratios after evaluating the effe cts of each transaction onsider each transaction separately ound all ratios to two decimal laces XX (Click on the icon to view the transactions.) Current Ratio Debt Ratio Earnings per Share a. Enter any number in the edit fields and then click Check Answer parts remaining Clear All