Assume that you are purchasing an investment and have decided to invest in a company in the smartphone business. You have narrowed the choice to Digital Electronics or Singular Electronics and have assembled the following data. Selected income statement data for the current year follows: (Click to view the income statement data.) Selected balance sheet data at the beginning of the current year follow: (Click to view the balance sheet data.) Selected balance sheet and market-price data at the end of the current year follow: (Click to view the market price data.) Your strategy is to invest in companies that have low price/earnings ratios but appear to be in good shape financially. Assume that you have analyzed all other factors and that your decision depends on the results of ratio analysis. Read the requirement. (Enter any percentages as decimals in this format, X.XX. Round your answers to two desimal sla a. Acid-test ratio b. Inventory turnover Digital Singular Digital Singular Digital Singular c. Days' sales in average receivables Digital Singular d. Debt ratio e. Gross profit percentage Digital Singular Digital Singular f. Earnings per share of common stock Digital Singular g. Price/earnings ratio