accounting homework question 4, 2

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‘scurrent ratio, debt ratio, and earnings per share. Round all ratios to two decimal places.

Scroll to Top