Score: 0 of 6 pts 2 of 2 (1 complete) HW Score: 2.44%, 0.24 of 10 pts Assume that you are purchasing an investment and nave decided to invest in a company in the Selected balance sneet and market price data at the end of the current year follow: smartphone business. You have narrowed the choice to Best Digital Electronics or 3: (Click to view the market price data.) Every Zone Electronics and have assembled the following data. Selected income statement data for the current year follows: Your strategy is to invest in companies that have low pricelearnings ratios but appear to be in good B (Click to view the income statement data.) lyzed all other factors and that your decision depends on Selected balance sheet data at the beginning of the cur i Requirement (Click to view the balance sheet data.) s as decimals in this format, X.XX. Round your answers a. Acid-test ratio 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. a. Acid-test ratio b. Inventory turnover c. Days' sales in average receivables d. Debt ratio e. Gross profit percentage f. Earnings per share of common stock g. Pricelearnings ratio Enter any number in the edit fields and then click Ch 7 parts remaining Check Answer Print Done Homework: Chapter 14 Homework Save Score: 0 of 6 pts 2 of 2 (1 complete) HW Score: 2.44%, 0.24 of 10 pts Your strategy is to invest in companies that have low pricelearnings ratios but appear to be in good theatre bazed all other factors and that your decision depends on the current year follows: B (Click to view the income statement data.) Selected balance sheet data at the beginning of the current B (Click to view the balance sheet data.) Balance sheet and market price data - as decimals in this format, X.XX. Round your answers Best Digital Bes Every Zone Current assets: a. Acid-test ratio Cash $ 30,000 $ 21,500 Short-term investments $ 26, 110 49,560 $ 36,000 $ Current receivables, net $ Enter any number in the edit fields and then click Check Inventories $ 68,000 $ 42,000 104,000 3,390 $ 1,440 $ parts remaining Prepaid expenses Total current assets Check Answer $ 185,000 $ 197,000 Total assets $ 300,000 $ 325,000 Print Done Selected balance sheet and market price data at the end of the current year follow: (Click to view the market price data.) 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 Best Digital Electronics or Every Zone Electronics and have assembled the following data. Selected income statement data for the current year follows: B (Click to view the income statement data.) Selected balance sheet data at the beginning of the curren i Income statement :: (Click to view the balance sheet data.) Your strategy is to invest in companies that have low pricelearnings ratios but appear to be in good bawa palyzed all other factors and that your decision depends on pges as decimals in this format, X.XX. Round your answers Best Digital Beg Every Zone Net sales (all on credit) $ 419,750 $ 547,500 a. Acid-test ratio Cost of goods sold .. $ 225,000 $ 259,000 16,000 Interest expense. - $ Net income... $ 67,600 $ 78,400 Enter any number in the edit fields and then click Check ? Print Done x parts femaining Check Answer 2 of 2 (1 complete) HW Score: 2.44%, 0.24 of 10 pts Score: 0 of 6 pts the current year follows: B (Click to view the income statement data.) Selected balance sheet data at the beginning of the curren (Click to view the balance sheet data.) Your strategy is to invest in companies that have low pricelearnings ratios but appear to be in good bare financial co... that bovenged all other factors and that your decision depends on Balance sheet and market price data - as decimals in this format, X.XX. Round your answers Cash $ 21,500 Bes Short-term investments $ 26,110 a. Acid-test ratio Current receivables, net $ 30,000 $ 49,560 $ 36,000 $ 68,000 $ 1,440 $ 42,000 Inventories $ 104,000 3,390 $ Prepaid expenses Total current assets Enter any number in the edit fields and then click Check $ 197,000 185,000 $ 300,000 $ Total assets $ 325,000 7 parts remaining Check Answer Total current liabilities $ 108,000 $ 103,000 Total liabilities $ 108,000 $ 143,000 42nnn Print Done Score: 0 of 6 pts 2 of 2 (1 complete) HW Score: 2.44%, 0.24 of 10 pts Your strategy is to invest in companies that have low pricelearnings ratios but appear to be in good abone financially do... that absolued all other factors and that your decision depends on the current year follows: B (Click to view the income statement data.) Selected balance sheet data at the beginning of the curren (Click to view the balance sheet data.) Balance sheet and market price data as decimals in this format, X.XX. Round your answers Inventories $ 68,000 $ 1,440 $ 104,000 3,390 Bes $ Prepaid expenses a. Acid-test ratio Total current assets $ 185,000 $ 197,000 Total assets $ 300,000 $ 325,000 Total current liabilities $ 103,000 Total liabilities $ 108,000 $ 108,000 $ 13,000 143,000 Enter any number in the edit fields and then click Check $ 16,000 parts remaining Common stock: $1 par, (13,000 shares) .. $ Common stock: $1 par, (16,000 shares) Total stockholders' equity $ Market price per share of common stock $ 192,000 $ 182,000 OneDrive 88.40 $ 93.10 Screenshot saved The screenshot was added to your OneDrive. Print Done