P14-36A Effect of transactions on ratios (Learning Objective 4) Financial statement data of Pacific Traveler magazine include the following items (dollars in thousands) Cash 24,500 $83,000 $180,500 $660,000 $49,500 $106,000 44,500 $182,800 $63,180 54,000 Inventories. Common shares outstanding Requirements 1. Compute Pacific Traveler's current ratio, debt ratio, and earnings per share. Round all 2. Compute the three ratios after evaluating the effect of each transaction that follows ratios to two decimal places Consider each transaction separately a. Purchased inventory on account, $75,000 b. Borrowed $264,000 on a long-term note payable c. ssued 6,750 shares of common stock, receiving cash of $210,000 d. Received cash on account, $20,500