CH 12 HW Score: 0 of 4 pts P12-41B (similar to) 46 of 6 (5 complete) HW Score: 77.02%, 13.86 of Question Help Assume you are purchasing an investment and decide to invest in a company in the home remodeling business. You narrow the choice to Construct it, Inc. or Strong Home Corp. You assemble the following data: (Click the icon to view the income statement data.) (Click the icon to view data at end of current year) (Click the icon to view data at beginning of current year) (Click the icon to view more informa Read the requirement a. Quick ratio Select the formula and then enter the amounts to compute the quick ratio for each company. (Round the ratios to two decimal places, XXXX) Cl, Inc. SH, Corp Data Table + Selected income statement data for the current year Notes Cost of goods sold EBIT Interest expense Net income " " Quick ratio Data Table Selected balance sheet data at the beginning of the curent year Construct It, Inc. Strong Home, Corp. Accounts receivable, net 329,000 $ 350,000 Inventory 140,000 178,000 Total assets Construct It, Inc. $ 37,000 S 93.000 Strong Home, Corp. 25,000 81.000 252,000 200,000 83,000 88,000 Common stock, $2.00 par, 3,000 shares 6,000 18,000 8,000 $2.50 par, 6,000 shares 150,000 170,000 Total stockholders' equity 15.000 124,000 163,000 Print Done Print Done C 8 Data Table Selected balance sheet and market price data at the end of the current year: Construct It, Inc. Strong Home, Corp. co Current assets: Cash 24,000 14,000 Short-term investments 27,000 39,000 Accounts receivables, net 36,000 31,000 Inventory 69,000 84,000 Prepaid expenses 2,000 500 Total current assets 158,000 168,500 Total assets 298,000 297,000 Total current liabilities 200,000 168,000 Total liabilities 95,000 82,000 Common stock, $2.00 par, 3,000 shares 6,000 $2.50 par, 6,000 shares 15,000 Total stockholders' equity 203,000 215,000 Market price per share of common stock 65 81 the Print Done Clear All - X an