Current Attempt in Progress

$($a$1)$

$($b$)$

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The following are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio $(1)$

as of December $31,2027,$ and $(2)$ as of December $31,2028,$ and percentage change in each ratio after giving effect to the

situation. $($Round Debt to assets ratio and $\%$ Change answer to $0$ decimal places, eg$.18$ of $1\mathrm{.}8$ or $1\mathrm{.}8\%.$ If $\%$ change is a decrease show the numbers as negative, e$.$g$.-18\%$ or $(18\%),)$

Situatio

Ratio

$19,000$ shares of common stock were sold at par on July $1,2028.$ Net

income for $2028$ was $$54,940.$

All of the notes payable were paid in $2028.$ All other liabilities remained at

their December $31,2027,$ levels. Total assets on December $31,2028,$ were $$967,000.$

The market price of common stock was $$9$ and $$13$ on December $31,2027$

and $2028,$ respectively. Net in average calculation for EPS.y