= Homework: Chapter 15 Homework Question 1, PF15-26A (b... Part 1 of 6 HW Score: 0%, 0 of 10 points O Points: 0 of 5 O Financial statement data of Style Traveler Magazine include the following items: (Click the icon to view the data.) Read the requirements H. Requirement 1. Compute Style Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places - X Begin by selecting the formula for each ratio, Requirements Current ratio Debt ratio Earnings per Share Data table 1. Compute Style Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately a. Purchased merchandise inventory of $49,000 on account. b. Borrowed $127,000 on a long-term note payable. c. Issued 2,000 shares of common stock, receiving cash of $107,000. d. Received cash on account, $5,000. Cash S 23,000 81,000 Accounts Receivable, Net Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Net Income Common Shares Outstanding 185,000 635,000 99,000 37,000 Print Done 51,000 224,000 68,000 20,000 shares Print Done