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ACC100-50-2011) HOUSE Question 4P10-2Aa.. Homework: Assignment 108 www.no HW Bare 43., 1904 6.6310 Seve mowy, Data table 3 AL 13.000 De Dure Requirements 5 . CHE Done Data table $ $ 140,000 Cash Short-term investments 48,500 144,000 Accounts receivable, net Inventories 45,500 Accounts payable 19.500 Accrued liabilities 99.500 Long-term notes payable 273,000 Other long-term liabilities 14.000 Net income 932,000 Number of common 72,000 shares outstanding 76,500 103,500 Prepaid expenses Total assets Short-term notes payable 21,000 Print Done X Requirements W 1. Compute Northtown's current ratio, debt ratio, and earnings per share. Use dollar and share amounts in thousands except for EPS 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately a. Borrowed $28,500 on a long-term note payable b. Issued 8.500 common shares, receiving cash of $104.000 c. Paid short-term notes payable, $48,500 d. Purchased merchandise of 549,500 on account, debiting Inventory e. Received cash on account, $5,500 Print Done Financial statement data of Northtown Engineering Limited include the following items B Click the icon to view the financial statement data.) Required Requirement 1. Compute Northtown's current ratio, debt ratio, and earnings per share. Use dollar and share amounts in thousands except for EPS Start by determining the formula for each ratio, beginning with the current ratio, followed by the debtratio, and then earnings per share. Current assets Current liabilities Current ratio Total liabilities Total assets Debt ratio Net income Common shares outstanding Earnings per share Now compute Northtown's current ratio, debt ratio, and earnings per share (Round all ratios to two decimal places.) Current ratio Debt ratio Earnings per share 1.73 0,52 $ 4.93 Requirement 2. Compute the three ratios after evaluating the effect of each transaction Consider each transaction separately. (Round all ratios to tw Current ratio Debt ratio Earnings per share a

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