Score: 0.5 of 1 pt 1 of 1 (1 complete) HW Score: 50%, 0.5 of 1 pt %x P17-30A (similar to) Question Help Financial statement data of Yankee Traveler Magazine include the following items: : (Click the icon to view the data.) Transactions Read the requirements. Requirement 1. Compute Yankee Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Begin by selecting the formula for each ratio. a. Purchased merchandise inventory of $46,000 on account. b. Borrowed $121,000 on a long-term note payable. c. Issued 7,000 shares of common stock, receiving cash of $108,000. d. Received cash on account, $3,000. Current ratio Total current assets/Total current liabilities Debt ratio Total liabilities/ Total assets Earnings per Share (Net income - Preferred dividends) /Weighted average number of common shares outstanding Print Done Now, compute Yankee Traveler's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places, X.XX.) Current Ratio Debt Ratio Data Table Earnings per Share 1.04 1.53 0.65 $ Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction separately. (Round all ratios to two decimal places, X.XX.) (Click on the icon to view the transactions.) $ 20,000 Cash Accounts Receivable, Net 81,000 Current Ratio Debt Ratio Earnings per Share Merchandise Inventory 186,000 a. 1.43 0.67 $ 1.04 Total Assets 635,000 b 2.11 0.55 0.95 102,000 35,000 50,000 Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Net Income Common Shares Outstanding 225,000 73,000 70,000 Enter any number in the edit fields and then click Check Answer. Print Done parts remaining Clear All