Next Question Financial statement data of Greatland Engineering include the following items: (Click the icon to view the financial statement data.) Read the requirements. Requirement 1. Calculat Requirements Start by determining the 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 Paid off short-term notes payable, $28,000 d. Purchased $43,000 of merchandise on account, debiting Inventory e. Received cash on acco $17,000 C. Choose from any drop-d Print Done Help Me Solve Th (Click the icon to view the finan Read the requirements. Data Table Requirement 1. Calculate Greatlar Cash Start by determining the formula for $ 26,000 $ 107,000 Accounts payable Accrued liabilities Short-term investments 36,000 32,000 Accounts receivable, net 85,000 163,000 Long-term notes payable Other long-term liabilities Inventories 147,000 34,000 Prepaid expenses 6,000 Net income 99,000 Total assets 677,000 Number of common 49,000 shares outstanding Short-term notes payable 46,000 Print Done Choose from any drop-down list al