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Princof Managerial Accounting ACC-202-TPVBH Daesun Sims 07/19/22 4:21 PM (? = Homework: Unit 2 HW Question 3, PF15-26A (similar to) Data table Part 3 of

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Princof Managerial Accounting ACC-202-TPVBH Daesun Sims 07/19/22 4:21 PM (? = Homework: Unit 2 HW Question 3, PF15-26A (similar to) Data table Part 3 of 6 Cash $ 20,000 Financial statement data of Off Road Traveler Magazine include the following items: (Click the icon to view the data.) Accounts Receivable, Net 78,000 Merchandise Inventory 186,000 Read the requirements. Total Assets 634,000 Accounts Payable 103,000 Accrued Liabilities 41,000 Requirement 1. Compute Off Road Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Short-term Notes Payable 47,000 Begin by selecting the formula for each ratio. Long-term Liabilities 226,000 Current ratio = Total current assets + Total current liabilities Net Income 73,000 Debt ratio = Total liabilities + Total assets Common Shares Outstanding 50,000 shares Earnings per Share (Net income - Preferred dividends) + Weighted average number of common shares outstanding Now, compute Off Road Traveler's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places, X.XX.) Current Ratio Debt Ratio Earnings per Share Print Done 1.49 0.66 $ 1.46 Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction separately. (Round all ratios to two decimal places, A.AA.) i (Click on the icon to view the transactions.) Current Ratio Debt Ratio Earnings per ShareTransactions a. Purchased merchandise inventory of $47,000 on account. b. Borrowed $121,000 on a long-term note payable. c. Issued 5,000 shares of common stock, receiving cash of $102,000. d. Received cash on account, $8,000

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