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Assume that you are considering purchasing stock as an investment. You have narrowed the choice to either Sharp Corporation stock or We-shop Company stock and have assembled the following data for the two companies. 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.) 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. Requirement 1. Compute the ratios for both companies for the current year and decide which company's stock better fits your investment strategy Begin by computing the ratios, starting with the quick (acid-test) ratio. (Abbreviations used: Avg. = average, Cash* = cash and cash equivalents, Mkt = market, o/s = outstanding, SE = stockholders' equity, and ST = short-term.) a. Quick (acid-test) ratio Select the formula and then enter the amounts to calculate the quick (acid-test) ratios. (Round the ratios to two decimal places, X.XX.) = Quick ratio Sharp We-shop b. Inventory turnover Select the formula and then enter the amounts to calculate the inventory turnover for each company. (Round the ratios to two decimal places, X.XX.) Inventory turnover Sharp We-shop c. Days' sales in average receivables Select the formula and then enter the amounts to calculate days' sales in average receivables for each company. (Use a 365-day year. Round intermediary calculations to the nearest whole number, X. Round your final answers to one decimal place, XX.) Days' sales in average receivables Sharp We-shop d. Debt ratio Select the formula and then enter the amounts to calculate the debt ratio for each company. (Enter the debt ratio in decimal form to two decimal places, X.XX.) Debt ratio Sharp We-shop e. Times-interest-earned ratio Select the formula and then enter the amounts to calculate the times-interest-earned ratio for We-shop. (Round the ratio to one decimal place, X.X.) Times-interest-earned ratio We-shop f. Return on common stockholders' equity Select the formula and then enter the amounts to calculate the return on common stockholders' equity (ROE) for each company. (Complete all answer boxes. If an account has a zero balance, enter a "0". Enter the ROE as a percentage rounded to the nearest one-tenth percent, X.X%.) ROE Sharp % We-shop % g. Earnings per share common stock Select the formula and then enter the amounts to calculate earnings per share (EPS) for each company. (Complete all answer boxes. If an account has a zero balance, enter a "O". Round EPS to two decimal places, X.XX.) = EPS Sharp We-shop h. Price-earnings ratio Select the formula and then enter the amounts to calculate the price-earnings (P/E) ratio for each company. (Enter amounts in the formula to two decimal places, X.XX, but then round the P/E ratios to one decimal place, X.X, as needed.) = P/E ratio Sharp We-shop Which company's stock better fits your investment strategy? The common stock of seems to fit the investment strategy better. Its price-earnings ratio is V, and Data Table Data Table Selected balance sheet and market price data at end of current year: Selected balance sheet data at beginning of current year: Sharp We-shop Sharp We-shop S 34,000 $ 197,000 Current assets: Cash Short-term investments Current receivables, net Inventories 27,000 $ 3,000 185,000 208,000 13,000 141,000 $ 213,000 850,000 198,000 11,000 157.000 182,000 7,000 Balance sheet: Current receivables, net Inventories... Total assets Long-term debt Preferred stock, 7%, $175 par Common stock, $1 par (115,000 shares) $5 par (15,000 shares) Total stockholders' equity 915,000 291,000 35,000 391,000 115,000 436,000 972,000 372,000 935,000 341,000 713,000 75,000 217,000 265,000 670,000 Prepaid expenses Total current assets Total assets Total current liabilities Total liabilities Preferred stock, 7%. $175 par Common stock, $1 par (115,000 shares).. $5 par (15,000 shares) Total stockholders' equity.. Market price per share of common stock. 35,000 Print Done 115,000 75,000 222,000 302.000 6.27 $ $ 35.70 Requirements - Data Table Selected income statement data for the current year. Sharp $ 601,000 $ 1. Compute the following ratios for both companies for the current year, and decide which company's stock better fits your investment strategy. a. Quick (acid-test) ratio b. Inventory turnover c. Days' sales in average receivables d. Debt ratio e. Times-interest-earned ratio f. Return on common stockholders' equity g. Earnings per share of common stock h. Price-earnings ratio We-shop 517.000 390,000 Net sales (all on credit) Cost of goods sold. Income from operations Interest expense Net income 453,000 91,000 68,000 15,000 34,000 65,000