Kristian Pa emester Project 4 of 6 (6 complete) HW SC include the following items: Hata) * Requirements ginnin liabil asse ad di and 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 e. Received cash on account. $17.000 arning y decimal places) aluat arnind Print Done Ek Check Answer Clear All 4 18 110 55 $ 4 % 5 & 7 8 9 0 emester Project 4 of 6 (6 complete) include the following items lata.) innin Data Table liabil Cash $ od de Short-term investments Accounts receivable, net Inventories 107.000 32,000 163,000 34.000 99,000 26,000 Accounts payable. 36,000 Accrued liabilities 85,000 Long-term notes payable 147,000 Other long-term liabilities 6,000 Net income 677,000 Number of common 49,000 shares outstanding and arning Prepaid expenses Total assets Short-term notes payable 46,000 decimal waluat arning Print Done ick Check Answer. Clear All 18 19 $ % 08 P12-58A (book/static) Financial statement data of Greatland Engineering include the following items: (Click the icon to view the financial statement data) Read the requiremen Start by determining the formula for each ratio, beginning with the current ratio, followed by the debt ratio, and then earnings per share Current assets Current liabilities Current ratio Total liabilities Total assets Debt ratio Net income Preferred dividends > Common shares outstanding = Earrings per share Now compute Greatland's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places) Current ratio Debt ratio Earnings per share 1.60 0.57 $ 2.15 Requirement 2. Calculate the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. (Roun Current ratio Debt ratio Earnings per share Enter any number in the edit fields and then click Check Answer. Clear All parts remaining