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Please Read the requirements list and answer the questions using the provided information. Thank you. Qu Balance sheet and market price data Best Digital Very
Please Read the requirements list and answer the questions using the provided information. Thank you.
QuBalance sheet and market price data Best Digital Very Network artphone ssembled etwork Requirement Compute the following ratios for both companies for the current year and decide which company's stock better fits your investment strategy. Assume all sales are on credit. Current assets: Cash Short-term investments Current receivables, net Inventories Prepaid expenses Total current assets Total assets.... Total current liabilities. Total liabilities Common stock: $1 par, (12,000 shares) Common stock: $1 par, (15,000 shares) Total stockholders" equity... Market price per share of common stock 28,500 $ 40,060 $ 36,500 $ 69,000 $ 4,940 $ 179,000 $ 412,000 $ 103,000 $ 103,000 $ 12,000 309,000 $ 79.50 $ 22 ,500 18,480 43,500 106,000 14,520 205,000 327 ,500 96 tooo 131,000 15,000 196,500 91.00 a. b. c. d. g. Acid-test ratio Inventory turnover Days' sales in average receivables Debt ratio Gross profit percentage Earnings per share of common stock Priceleamings ratio print in good ults of rat ur an Done Balance sheet and market price data Best Digital Very Network Income statement Net sales (all on credit) Cost of goods sold.. . Interest expense... . Net income. Current receivables, net..... Best Digital Very Network 423,400 $ 207,000 $ 63,600 $ 518,300 221 tooo 20,000 78,000 Inventories Total assets . Common stock: $1 Common stock: $1 36,000 $ 74,750 $ 259,000 $ 12,000 Done 44,540 56 ,500 272,000 15,000 par, (12,000 shares) . par, (15,000 shares) . print
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