Question: Data table Cash ............................. $ 24,500 Accounts receivable, net ............ $ 83,000 Inventories ........................ $ 180,500 Total assets. ....................... $ 660,000 Short-term notes payable ............



Data table Cash ............................. $ 24,500 Accounts receivable, net ............ $ 83,000 Inventories ........................ $ 180,500 Total assets. ....................... $ 660,000 Short-term notes payable ............ $ 49,500 Accounts payable .................. $ 106,000 Accrued liabilities .................. $ 44,500 Long-term liabilities ................ $ 182,800 Net income ........................ $ 63,180 Common shares outstanding ........ 54,000 Financial statement data of Pacic Traveler magazine include the following items (dollars in thousands): ::= (Click the icon to View the financial statement data.) Requirements 1. Compute Pacic 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, $75,000 b. Borrowed $264,000 on a longterm note payable c. Issued 6,750 shares of common stock, receiving cash of $210,000 d. Received cash on account, $20,500 Requirement 1. Compute Pacic Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Current Ratio Debt Ratio Earnings per Share Requirement 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Purchased inventory on account, $75,000 (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share b. Borrowed $264,000 on a long-term note payable. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share :E: c. Issued 6,750 shares of common stock, receiving cash of $210,000. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share d. Received cash on account, $20,500. (Round your answers to two decimal places.) Current Ratio Debt Ratio Earnings per Share SE
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