Income statement Assume that you are purchasing an investment and have decided to invest in a company in the smartphone Selected balance business. You have notowed the choice to Singat Elections or Very Zone Electronics and have sembled the Click to view foong dala Selected incoment data for the current year follows: Click to view the income statement data) Your sweg is to Selected balance sheet date at the beginning of the current your flow. inancial sound soalysis Click to view the balance sheet data) Net sales fallo che Cost of goods sold . Slog Vary tone 457.2005 529 250 203003 24303 $ 18.000 12.00 05.000 Net income Singular Very Zone a. Aldostato Do Singular Very Zone b. Inventory turnover Singular Very Zone c. Days' sale in venge receivables Sleuter Very Zone Current recevoile, nel Inventore Total assets Common stock sp, (13.000 sh. Como lock 51 p. (17.000 shares) 15.000 13 000 $ 22.000 13.000 10 000 273.000 Enterary number in the edities and then continue to the next question 17.000 Balance sheet and market price data . d 9 A le Is of Singular Very Zone Current assets two re ad Cash 21,000 22,840 s Short-term investments Current receivables, net S 27 000 $ 38,520 $ 37 500 5 72,000 $ 4,980 $ 41,000 s Inventories 102,000 5,160 $ Prepaid expenses Total current assets $ 180,000 $ $ Total assets 192,000 274,000 101,000 137,000 $ $ 300,000 $ 102,000 $ 102,000 5 13,000 $ Total current liabilities Total liabilities Common stock: $1 par, (13,000 shares) Common stock: $1 par, (17,000 shares) . $ 17,000 Print Done Submit Test Test: Test 1 spring 2021 This Question: 11 This Test: 71 pts possible 5 of 9 (3 complete) Assume that you are purchasing an investment and have decided to invest in a company in the smartphone business You have narrowed the choice to Singular Electronics or Very Zone 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) Selected balance sheet and market price data at the end of the current year follow Click to view the market price data.) Your strategy is to invest in companies that have low price learnings ratlos 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 requirement (Enter any percentages as decimals in this format Xxx Round your answers to two decimal places) Very Zone Singular a. Acid-test ratio Singular Very Zone b. Inventory turnover Singular Very Zone c. Days' sales in average receivables Very Zone Singular 2 d. Debt ratio Enter any number in the edit fields and then continue to the next question Assume that you are purchasing an investment and have decided to invest in a company in the smartphone business. You have narrowed the choice to Singular Electronics or Very Zone 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) Selected balance sheet and market-price data at the end of the curr (Click to view the market price data.) Your strategy is to invest in companies that have low price/earings appear to be in good shape financially. Assume that you have analyz factors and that your decision depends on the results of ratio analysis Read the requirement (Enter any percentages as decimals in this for Round your answers to two decimal places) e. Gross profit percentage Singular Very Zone f. Earnings per share of common stock Singular Very Zone v and g. Pricelearnings ratio common stock seems to fit the investment strategy better its pricelearnings ratio is On a majority of the ratios, Enter any number in the edit fields and then continue to the next question Balance sheet and market price data et-price data data) ave.d Electr he con 27,000 $ inies that hay analyzed all a curren 38,520 $ 37,500 $ 72.000 $ 4.980 $ 21,000 22,840 41,000 102,000 5.160 percentages a . SI Cash $ Short-term investments $ Current receivables, net $ Inventories $ S Prepaid expenses Total current assets SC Total assets $ Total current liabilities S Total liabilities $ Common stock: $1 par, (13,000 shares)..5 Common stock: 51 par, (17,000 shares) Total stockholders' equlty .. . Market price per share of common stock S 192.000 274,000 180,000 $ 300,000 $ 102 000 $ 102,000 $ 13 000 $ 198,000 $ 98.00 $ 101.000 137.000 17.000 137 000 90.50 en continue to Print Done Done