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Requirements Data Table .X 0 1. Compute Trinton's current ratio, debt ratio, and eanings per share. Round all ratios to two decimal places. Cash Short-term
Requirements Data Table .X 0 1. Compute Trinton's current ratio, debt ratio, and eanings per share. Round all ratios to two decimal places. Cash Short-term investments Accounts receivable, net Inventories ...._. .. Prepaid expenses Total assets Short-term notes payable .$28,000 Accounts payable 2. Compute the three ratios after evaluating the effect of each transaction that follows 33,000 Accrued liabilities . 88,000 Long-term notes payable .. 147,000 Other long-term liabilities .. 34,000 161,000 31,000 94,000 Consider each transaction separately a. Borrowed $100,000 on a long-term note payable b. On January 1, Issued 30,000 shares of common stock, receiving cash of $366,000 Paid short-term notes payable, $26,000 Purchased merchandise of $42,000 on account, debiting Inventory. Received cash on account, $17,000. 2,000 Net income c. d. e. 678,000 Number of common . 44,000 shares outstanding 45,000 Now compute Trinton's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places.) Current ratio atio Earnings per share Requirement 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. (Round all ratios to two decimal places.) Current ratio Debt ratio Earnings per share
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