Help only for Part E

Financial statement data of Greatland Engineering include the following items: (Click the icon to view the financial statement data.) Read the requirements. Requirements 1. Calculate Greatland's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. 2. Calculate the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Borrowed $105,000 on a long-term note payable b. On January 1 , Issued 40,000 shares of common stock, receiving cash of $360,000 c. Paid off short-term notes payable, $28,000 d. Purchased $43,000 of merchandise on account, debiting Inventory Requirement 2. Calculate the three ratios after evaluating the effect of each trans e. Received cash on account, $17,000 Data table Financial statement data of Greatland Engineering include the following items: (Click the icon to view the financial statement data.) Read the requirements. Requirements 1. Calculate Greatland's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. 2. Calculate the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Borrowed $105,000 on a long-term note payable b. On January 1 , Issued 40,000 shares of common stock, receiving cash of $360,000 c. Paid off short-term notes payable, $28,000 d. Purchased $43,000 of merchandise on account, debiting Inventory Requirement 2. Calculate the three ratios after evaluating the effect of each trans e. Received cash on account, $17,000 Data table