Financial statement data of Off Road Travel magazine include the following items (dollars in thousands)

Requirements Compute Off Road Travel'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 inventory on account, $47,500

b. Borrowed $209,000 on a long-term note payable

c. Issued 6,000 shares of common stock, receiving cash of $125,400

d. Received cash on account, $22,000

1. Compute Off Road Travel's current ratio, debt ratio, and earnings per share. Round all ratios to two decimal places. 2. Compute the three ratios after evaluating the effect of each transaction that follows. Consider each transaction separately. a. Purchased inventory on account, $47,500 b. Borrowed $209,000 on a long-term note payable c. Issued 6,000 shares of common stock, receiving cash of $125,400 d. Received cash on account, $22,000 Data table Requirement 1. Compute Off Road Travel's current ratio, debt ratio, and earning Requirement 2. Compute the three ratios after evaluating the effect of each tran a. Purchased inventory on account, $47,500 (Round your answers to two decima b. Borrowed $209,000 on a long-term note payable. (Round your answers to two