Requirements 1. Compute American 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 $102,000. d. Received cash on account, $3,000.