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 Singular Electronics or Every Zone Electronics and have assembled the following data. Selected income statement data for the current year follows:

Selected balance sheet and market$-$price data at the end of the current year follow:

$($Click to view the market price data.$)$

Balance sheet and market price data

$\backslash$table$[[$Short$-$term investments $,$dotsdotsdotsdots$$,49,560$$$,22,840],[$Current receivables, net $...,36,000$$$,41,000],[$Inventories$.$dotsdotsdotsdots,$68,000$$$,102,000],[$Prepaid expenses $...,1,440$$$,5,160],[$Total current assets $,$dotsdotsdotsdotsdots$$,185,000$$$,192,000],[$Total assets dotsdotsdotsdotsdots,$300,000$$$,274,000],[$Total current liabilities.......,$108,000$$$,101,000],[$Total liabilities dotsdotsdotsdotsdotsdotsdotsdots,$108,000$$$,137,000],[$Common stock: $$1$ par, $(13,000$ shares$).$ $$,13,000,],[$Common stock: $$1$ par, shares