hapter 17 Homework Question 12, P17-28A (book/static) Part 1 of 15 Assume that you are purchasing an investment and have decided to invest in a company in the digital phone business. You have narrowed the choice to Digitalized Corp. and Every Zone, Inc. and have assembled the following data. (Click to view the income statement data.) (Click to view the balance sheet and market price data.) Taylor Boyington 09/30/22 12:37 PM HW Score: 80.51%, 9.66 of 12 points O Points: 0 of 1 Save Your strategy is to invest in companies that have low price/earnings ratios but appear to be in good shape financially. Assume that you have analyzed all other factors and that your decision depends on the results of ratio analysis. Read the requirements C Requirement 1a. Compute the acid-test ratio for both companies for the current year, Begin by selecting the formula to compute the acid-test ratio. Acid-test ratio =