\begin{tabular}{l|l} Assumethatyouarepurchasinganinvestmentandhavedecidedtoinvestinacompanyinthesmartphonebusiness.YouhavenarrowedthechoicetoSingularElectronicsor & Selectedbalancesheetandmarket-pricedataattheendofthecurrentyearfollow: \\ Zone Plus Electronics and have assembled the \\ following data. Selected income statement data for \\ the current year follows: \\ (Click to view the income statement data.) & Yourstrategyistoinvestincompaniesthathavelowpricelearningsratiosbutappeartobeingoodshapefinancially.Assumethatyouhaveanalyzedallotherfactorsandthatyourdecisiondependsontheresultsofrelectedbalancesheetdataatthebeginningofthecurrentyearfollow: \\ (Clicktoviewthebalancesheetdata.) \\ Read the requirement. (Enter any \\ percentages as decimals in this format, \\ X.XX. Round your answers to two \\ decimal places.) \end{tabular} Income statement Balance sheet and market price data Balance sheet and market price data Balance sheet and market price 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. Pricelearnings ratio