To calculate the debt ratio, total liabilities should be divided by OA. total assets. OB. total stockholders' equity. OC. interest expense. OD. income fm operations.

Financial statement data of Southern Traveler magazine include the following items (dollars in thousands): (Click the icon to view the financial statement data.) Requirements 1. Compute Southem 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 inventory on account, $97,500 b. Borrowed $189,000 on a long-term note payable c. Issued 6,750 shares of common stock, receiving cash of $138,600 d. Received cash on account. $21.500 Requirement 1. Compute Southem Traveler's current ratio, debt ratio, and eamings per share. Round all ratios to two decimal places. Current Ratio Debt Ratio Financial statement data of Southern Traveler magazine include the following items (dollars in thousands): (Click the icon to view the financial statement data.) Requirements 1. Compute Southem 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 inventory on account, $97,500 b. Borrowed $189,000 on a long-term note payable c. Issued 6,750 shares of common stock, receiving cash of $138,600 d. Received cash on account. $21.500 Requirement 1. Compute Southem Traveler's current ratio, debt ratio, and eamings per share. Round all ratios to two decimal places. Current Ratio Debt Ratio