a. 2. Calculate the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. Borrowed $105,000 on a long-term note payable b. On January 1, Issued 40,000 shares of common stock, receiving cash of $360.000 c. Paid off short-term notes payable, $28,000 d. Purchased $43,000 of merchandise on account, debiting Inventory Received cash on account, $17,000 e. Print Done x i Data Table Cash 26,000 Accounts payable $ 107,000 Short-term investments 36,000 Accrued liabilities 32,000 Accounts receivable, net 85,000 Long-term notes payable 163,000 Inventories 147,000 Other long-term liabilities 34,000 Prepaid expenses 6,000 Net income 99,000 Total assets 677,000 Number of common Short-term notes payable 49,000 shares outstanding 46,000 Print Done a. 2. Calculate the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. Borrowed $105,000 on a long-term note payable b. On January 1, Issued 40,000 shares of common stock, receiving cash of $360.000 c. Paid off short-term notes payable, $28,000 d. Purchased $43,000 of merchandise on account, debiting Inventory Received cash on account, $17,000 e. Print Done x i Data Table Cash 26,000 Accounts payable $ 107,000 Short-term investments 36,000 Accrued liabilities 32,000 Accounts receivable, net 85,000 Long-term notes payable 163,000 Inventories 147,000 Other long-term liabilities 34,000 Prepaid expenses 6,000 Net income 99,000 Total assets 677,000 Number of common Short-term notes payable 49,000 shares outstanding 46,000 Print Done