View the data. Read the requirements. Requirement 1. Compute Road Trip, Inc.'s current ratio, debt ratio,...

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View the data. Read the requirements. Requirement 1. Compute Road Trip, Inc.'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 = Debt ratio = Earnings per share= Now, compute Road Trip, Inc.'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 Data 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.) a. Purchased merchandise inventory of $42,000 on account. Current Ratio Debt Ratio Earnings per Share b. Borrowed $117,000 on a long-term note payable. Current Ratio Debt Ratio Requirements 1. Earnings per Share 2. c. Issued 1,000 shares of common stock, receiving cash of $102,000. Current Ratio Debt Ratio d. Received cash on account, $6,000. Current Ratio Earnings per Share Compute Road Trip, Inc.'s current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Purchased merchandise inventory of $42,000 on account. b. Borrowed $117,000 on a long-term note payable. c. Issued 1,000 shares of common stock, receiving cash of $102,000. d. Received cash on account, $6,000. Debt Ratio Earnings per Share Print Done Cash 25,000 Accounts Receivable, Net 84.000 Merchandise Inventory 182,000 Total Assets 630,000 Accounts Payable 102,000 Accrued Liabilities 42,000 Short-term Notes Payable 48,000 Long-term Liabilities 226,000 Net Income 77,000 Common Shares Outstanding 10,000 shares Print Done View the data. Read the requirements. Requirement 1. Compute Road Trip, Inc.'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 = Debt ratio = Earnings per share= Now, compute Road Trip, Inc.'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 Data 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.) a. Purchased merchandise inventory of $42,000 on account. Current Ratio Debt Ratio Earnings per Share b. Borrowed $117,000 on a long-term note payable. Current Ratio Debt Ratio Requirements 1. Earnings per Share 2. c. Issued 1,000 shares of common stock, receiving cash of $102,000. Current Ratio Debt Ratio d. Received cash on account, $6,000. Current Ratio Earnings per Share Compute Road Trip, Inc.'s current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Purchased merchandise inventory of $42,000 on account. b. Borrowed $117,000 on a long-term note payable. c. Issued 1,000 shares of common stock, receiving cash of $102,000. d. Received cash on account, $6,000. Debt Ratio Earnings per Share Print Done Cash 25,000 Accounts Receivable, Net 84.000 Merchandise Inventory 182,000 Total Assets 630,000 Accounts Payable 102,000 Accrued Liabilities 42,000 Short-term Notes Payable 48,000 Long-term Liabilities 226,000 Net Income 77,000 Common Shares Outstanding 10,000 shares Print Done