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please fill in the blanks according to the requirements and data. thank you! Data table 1. Compute Modern Traveler's current ratio, debt ratio, and earnings
please fill in the blanks according to the requirements and data. thank you!
Data table 1. Compute Modern 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 $48,000 on account. b. Borrowed $126,000 on a long-term note payable. c. Issued 1,000 shares of common stock, receiving cash of $103,000. d. Received cash on account, $7,000. Requirement 1. Compute Modem Traveler's current ratio, debt ratio, and earnings per share, Round all ratios to two decimal places. Bogin by solecting the formula for each ratio. Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction separately. (Round all ration to two decimal piaces, X X X. (Click on the icon to view the transaotions.) Transactions a. Purchased merchandise inventory of $48,000 on account. b. Borrowed $126,000 on a long-term note payable. c. Issued 1,000 shares of common stock, receiving cash of $103,000. d. Received cash on account, $7,000 Step by Step Solution
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