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please help answer question 9 Data table Requirements 1. Compute Extra Travel's current ratio, debt ratio, and earnings per share. Round all ratios to two
please help answer question 9
Data table Requirements 1. Compute Extra Travel'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 inventory on account, $97,500 b. Borrowed $189,000 on a long-term note payable c. Issued 5,750 shares of common stock, receiving cash of $138,600 d. Received cash on account, $21,500 Requirement 1. Compute Extra Travel's current ratio, debt ratio, and eamings per share. Round all ratios to two decimal places. Requirement 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separafely. a. Purchased inventory on account, $97,500 (Round your answers to two decimal places.) Kequirement . Compute the tiree ratios atter evaluating the enect of each transaction that folows. Consider each transaction separatery. a. Purchased inventory on account, $97,500 (Round your answers to two decimal places.) b. Borrowed $189,000 on a long-term note payable. (Round your answers to two decimal places.) c. Issued 5,750 shares of common stock, receiving cash of $138,600. (Round your answers to two decimal places.) d. Received cash on account, $21,500. (Round your answers to two decimal places.) Step by Step Solution
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