Balance sheet and market price data Assume that you are purchasing an investment and have decided to invest in a company in the Next question alance sheet and market-price data at the end of the current year follow: smartphone business. You have narrowed the choice to Digital Plus Electronics or Every Network 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.) Requirement Compute the following ratios for both companies for the current year and decide which company's stock better fits your investment strategy. Assume all sales are on credit. a. Acid-test ratio b. Inventory turnover c. Days' sales in average receivables d. Debt ratio e. Gross profit percentage f. Earnings per share of common stock g. Price/earnings ratio