Income statement Balance sheet and market price data the current year follow: arnings ratios but appear to be in good shape and that your decision depends on the results of ratio Digitalized Zone Plus Digitalized Zone Plus Net sales (all on credit) $ 419,750 $ 511,000 in this format, X.XX. Round your answers to two Current assets: Cost of goods sold $ 225,000 $ 255,000 Cash 30,000 $ Interest expense 18,500 Short-term investments $ 49,560 $ 20,500 22,200 Net income $ 67,600 $ 64,400 Current receivables, net 36,000 $ 44,000 Inventories $ 68,000 $ 105,000 Balance sheet and market price data $ Prepaid expenses 1,440 $ 4,300 Total current assets 185,000 $ 196,000 Total assets $ 300,000 $ 272,000 Digitalized Zone Plus Total current liabilities $ 108,000 $ 102,000 Current receivables, net $ 38,750 $ 40,700 Total liabilities $ 108,000 $ 136,000 Inventories 88,250 $ Total assets 258,000 $ 82,500 273,000 Common stock: $1 par, (13,000 shares) . $ Common stock: $1 par, (14,000 shares) . 13,000 Common stock: $1 par, (13,000 shares) Common stock: $1 par, (14,000 shares) .. Total stockholders' equity 13,000 $ $ $ 14,000 Market price per share of common stock $ 192,000 $ 88.40 $ 14,000 136,000 85.10 g. Price/earnings ratio Print Done Digitanzed Print Done 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 Digitalized Electronics or 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.) 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/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 requirement. (Enter any percentages as decimals in this format, XXX. Round your answers to two desimal class a. Acid-test ratio b. Inventory turnover Digitalized Zone Plus Digitalized Zone Plus Digitalized Zone Plus c. Days' sales in average receivables Digitalized Zone Plus d. Debt ratio e. Gross profit percentage Digitalized Zone Plus Digitalized Zone Plus f. Earnings per share of common stock Digitalized Zone Plus g. Price/earnings ratio 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 Digitalized Electronics or 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.) 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/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 requirement. (Enter any percentages as decimals in this format, XXX. Round your answers to two decimal places.) b. Inventory turnover Digitalized Zone Plus c. Days' sales in average receivables Digitalized Zone Plus d. Debt ratio e. Gross profit percentage Digitalized Zone Plus Digitalized Zone Plus f. Earnings per share of common stock Digitalized Zone Plus g. Price/earnings ratio common stock seems to fit the investment strategy better. Its price/earnings ratio is and On a majority of the ratios