Financial statement data of Exotc Travsi Magezine include the following itams: ?

Question

Financial statement data of Exotc Travsi Magezine include the following itams: ?(Cick Read the raquiraments the ican to view the data ) Requirement 1. Compute Exotic Travel's current ratio, debt ratio, and eamings per share. Round all ratios to two decimal places. Begin by selecting the formula for each ratio Current ratio Deht ratio Earnings per hare Now, compute Exotic Travel's current ratio, debt ratio, and eamings per share. Round all ratios to two declmal places, XXX) Data Table Cash Accounts Receivable, Net Merchandise Inventory Total Assets Accounts Payable Accrued Liabilitics Short-term Notes Payable Long-term Liabilities Ne: Income Common Shares Outstanding S 19,000 79,000 188,000 639,000 101,000 41,000 45,000 222,000 73,000 40,000 Current Ratio Debt Ratio Earnings per Share Requirement 2. Compute the three ratios after evaluating the ellects of each transaction. Consider each transaction separalely (Round all ratios to two decimal places, X.xx) (Cick on the Icon to view the transactions.) Current Ratio Debt Rato Earnings per Share b. d. Print Done

Explanation / Answer

note; For Requirement -2 , detial not provided .

Requirement -1 Current Ratio = Current assets / Current liabilities Current Ratio = (19000 + 79000 + 188000) / (101000 + 41000 + 45000) Current Ratio =($286000/$187000)=1.529 Debt Ratio = Total Debt / Total Assets Debt Ratio = ($187000+$222000)/$639000 Debt Ratio= 0.64 Earning per share = Net Income / Common shares outstanding Earning per share = $73000/ 40000 Earning per share=$1.825/share

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