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Financial statement data of Yankee Traveler Magazine include the following items: (Click the icon to view the data.) Read the requirements Requirement 1. Compute Yankee Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Begin by selecting the formula for each ratio. Current ratio = Total current assets + Total current liabilities Debt ratio = Total liabilities + Total assets Earnings per Share = (Net income - Preferred dividends) + Weighted average number of common shares outstanding Now, compute Yankee Traveler's current ratio, debt ratio, and earnings per share. (Round all ratios to two decimal places, X.XX.) Current Ratio Debt Ratio Earnings per Share 1.775 1.524 0.810 Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction separately. (Round all ratios to two decimal places, X.XX.) (Click on the icon to view the transactions.) X Transactions Current Ratio Debt Ratio Earnings per Share a. b. a. Purchased merchandise inventory of $45,000 on account. b. Borrowed $121,000 on a long-term note payable. C. d. c. Issued 3,000 shares of common stock, receiving cash of $108,000. d. Received cash on account, $8,000. Print Done Data table Cash Accounts Receivable. Net Merchandise Inventory Total Assets Accounts Payable Accrued Liabilities Short-term Notes Payable Long-term Liabilities Net Income Common Shares Outstanding Print S 20,000 83,000 185,000 636,000 104,000 38,000 47,000 222,000 71.000 30,000 shares Done