Financial statement data of Greatland Engineering include the following items: (Click the icon to view the financial statement data.) Read the requirements Requirement 1. Calculate Greatland's current ratio, et ratic, and earnings per share. Round all ratics to two decimal places. Start by determining the formula for each ratio, beginning with the current ratio, followed by the debt ratio, and then eamings per share. Current asses Current liabilities Current ratio i Data Table Talal liabilities Tolal assets Debt ratio Nel income Prelerred dividends ) + Common shares outstanding = Eamings per share Cash $ $ 107,000 32,000 Now compute Greatland's current ratio, debt ratio, and eamings per share. (Round all ratios to two decimal places.) Current ratio Debt ratio Earnings per share 163,0DD Short-term investments Accounts receivable, nel Inventories Prepaid expenses Total assets Short-term notes payable 26,000 Accounts payablo 36,000 Accrued liabilities 85,000 Long-term noles payable 147,00D Other long-term liabilities 6.000 Net Income 677,000 Number of common 49,000 shares outstanding 34,DDO 99,000 A Requirements 46,000 Print Dono 1. Calculate Greatland's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places 2. Calculate the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately a. 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 af merchandise on account, debiting Inventory e. Received cash on account, $17,000 Print Done