accounting homework question 4, 2

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Financial statement data of Style TravelerStyle TravelerMagazine include the following items (dollars in thousands):

Cash . . . . . . . . . . . . . . . . . . . . . . . .
$24,000
Accounts receivable, net . . . . . . . .
$84,000
Inventories . . . . . . . . . . . . . . . . . . .
$188,000
Total assets . . . . . . . . . . . . . . . . . .
$637,000
Short-term notes payable . . . . . . .
$47,000
Accounts payable . . . . . . . . . . . . .
$100,000
Accrued liabilities . . . . . . . . . . . . . .
$39,000
Long-term liabilities . . . . . . . . . . . .
$223,000
Net income . . . . . . . . . . . . . . . . . . .
$69,000
Common shares outstanding . . . .
20,000

Requirement 1.Compute Style TravelerStyle Traveler's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places.

 
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Current Ratio
Debt Ratio
Earnings Per Share
 
1.59
0.64
$3.45
Requirement 2. Compute the three ratios after evaluating the effects of each transaction. Consider each transaction
separately.
(Round all ratios to two decimal places.)
 
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Current Ratio
Debt Ratio
Earnings Per Share
a.
 
 
 

 

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