Assume that you are purchasing an investment and have decided so invest in a bompany in the dotal phone bushest. You have rartowod the choice to Cigital Corp, and Evory Netwonk, inc and have assembled the following data. (Click to view the income stasement data) (Click to yew the balance sheot and market pnce data.) Your strategy is to imvest in companies that have fow pricelearrings rabios but appear to be in good shape tnancilly. Asume that you have anayzed all other factors and that your decision depends on the results of ratio analyss. Read the requirements. Requirement 1a. Compute the adidsost raso for both oompanies for the curem yeuc Begin by selecting the formula to compule the acidiest ratio. Acid-test ratio = (Cash + Shor term investments + Accounts rocevablo, net) + Tolal current lababeb Now, compute the acid-lest ratio for both companies (Found your answers to two decimal places, Xx ) Requirements 1. Compule the folowing ratios for both companies for the curtent year 2. Aoistest ratio b. Inrentory furnover c. Dops' sales in receivablos d. Detr rato e. Elamings per share of common stock t. Pricolearning ratio a. Dividend piryout 2. Decide witch companys sock bener fte your invesment wrategy Data table Selected income statement data for the current year: Data table Selected balance sheet and market price data at the end of the current year: Data table Selected balance sheet data at the beginning of the current year