ASSO busir follow goods on the re Selected income statement data for the current year Digitized Very Network Net Sales Revenue (all on credit) $ 416.100 5 496,035 Cost of Goods Sold 207.000 261,000 Interest Expense 18,000 Net Income 51.000 74,000 Reqy Begin Acid Selected balance sheet and market price data at the end of the current year Digitized very Network Current Assets Cash 5 27,000 5 19,000 Short-term Investments 42.000 15.000 Accounts Receivables, Net 40,000 49,000 Merchandise Inventory 65 000 98,000 Prepaid Expenses 23,000 13,000 Total Current Assets 197,000 $ 194.000 Total Assets 261.000 5 327.000 Total Current Liabilities 101.000 95.000 Total Liabilities 101,000 129.000 Common Stock i Requirements Acid Reqy Begi Inver 1. Compute the following ratios for both companies for the current year a. Acid-test ratio b. Inventory turnover c. Days' sales in receivables d. Debt ratio e. Earnings per share of common stock f. Pricelearnings ratio 9. Dividend payout 2. Decide which company s stock better fits your investment strategy Print Done Choo Total Current Assets 197,000 $ 194,000 Total Assets 261,000 $ 327,000 Total Current Liabilities 101,000 95,000 Total Liabilities 101,000 129,000 Common Stock $1 par (10.000 shares) 10.000 52 par (16,000 shares) 32,000 Total Stockholders' Equity 160,000 198,000 Market Price per Share of Common Stock 81.60 101.86 Dividends Paid per Common Share 0.90 0.60 Selected balance sheet data at the beginning of the current year Digitized Very Network Balance sheet Selected balance sheet data at the beginning of the current year Digitized Very Network ces. XXI Balance sheet: Accounts Receivables, net Merchandise Inventory Total Assets Common Stock $1 par (10.000 shares) 52 par (16,000 shares) 41,000 $ 80,000 258,000 54,000 86,000 279,000 10.000 32.000 Print Done Kepuce data.) Redule requirements Requirement 1a. Compute the acid-test ratio for both companies for the current year. Begin by selecting the formula to compute the acid-test ratio Acid-test ratio = Now, compute the acid-test ratio for both companies (Round your answers to two decimal places, XXX.) Digitized Very Network Acid-test ratio Requirement 1b. Compute the inventory turnover for both companies for the current year Begin by selecting the formula to compute the inventory turnover Inventory turnover = Choose from any list or enter a number in the innut finida (Click to view the balance sheet and market price data.) Read the requirements Inventory turnover = Now, compute the inventory turnover for both companies. (Round your answers to two decimal places, X.XX) Digitized Very Network Inventory turnover Requirement 1c. Compute the days' sales in receivables for both companies for the current year. Begin by selecting the formula to compute the days' sales in receivable Days' sales in receivables = Now, compute the days' sales in receivables for both companies. (Round interim calculations to two decimal places and your final answers to the nearest whole day.) Digitized Very Network Davs' sales in receivables Choose from any list or enter any number in the input fields and then continue to the next question Click to view the balance sheet and market price data.) Digitized Very Network Days' sales in receivables Requirement 1d. Compute the debt ratio for both companies for the current year, Begin by selecting the formula to compute the debt ratio. Debt ratio = Now, compute the debt ratio for both companies. (Round your answers to the one tenth of a percent, XX%.) Digitized Very Network Debt ratio % Requirement 1e. Compute the earnings per share of common stock for both companies for the current year. Benin hy selecting the formula to compute the earnings ner share of common stock Requirement 1e. Compute the earnings per share of common stock for both companies for the current year. Begin by selecting the formula to compute the earnings per share of common stock. Earnings per share of common stock = Now, compute the earnings per share of common stock for both companies. (Round your answers to the nearest cent.) Digitized Very Network Earnings per share of common stock Requirement 1f. Compute the price/earnings ratio for both companies for the current year. Begin by selecting the formula to compute the price/earnings ratio. Pricelearnings ratio = L Digitized Very Network Pricelearnings ratio Requirement 1g. Compute the dividend payout for both companies for the current year Begin by selecting the formula to compute the dividend payout Dividend payout = Now, compute the dividend payout for both companies. (Round interim answers to two decimal places, X.XX, and your final answers to the nearest whole percent, X Digitized Very Networ Dividend payout Requirement 2. Decide which company's stock better fits your investments strategy