Requirement 1:

current ratio= (choose a formula from above picture)

Debt Ratio= (choose a formula from above picture)

Earnings per share= (choose a formula from above picture)

Transactions Data Table a. Purchased merchandise inventory of $44,000 on account. b. Borrowed $127,000 on a long-term note payable c. Issued 1,000 shares of common stock, receiving cash of $108,000 d. Received cash on account, $5,000 Cash Accounts Receivable, Net Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Net Income Common Shares Outstanding $ 20,000 84,000 186,000 640,000 100,000 40,000 46,000 225,000 70,000 10,000 Print Done Requirements 1. Compute Modern Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Compute the three ratios after evaluating the effect of each transaction that follows Consider each transaction separately. a. Purchased merchandise inventory of $44,000 on account. b. Borrowed $127,000 on a long-term note payable c. Issued 1,000 shares of common stock, receiving cash of $108,000 d. Received cash on account, $5,000 2. PrintDone