Score: 36 of 100 pts 1 of 1 (1 complete)D &P17-28A (similar to) Assume that you are purchasing an investment and have decided to invest in a company in the digital phone business. You have narrowed the choice to Best Digital Corp. and Every Zone, Inc, and have assembled the following data. EEB (Click to view the income statement data.) Your strategy is to invest in compa appear to be in good shape financi factors and that your decision depe Read the requirements. (Click to view the balance sheet and market price data.) Begin by selecting the formula to compute the debt ratio. Debt ratio Total liabilities/Total asset Now, compute the debt ratio for both companies. (Round your answers to the one tenth of a percent, X.X%.) Best Digital Every Zone 39 % 38 Debt ratio Requirement 1e. Compute the earnings per share of common stock for both companies for the current year Begin by selecting the formula to compute the earnings per share of common stock. Earnings per share of common stock Now, compute the earnings per share of common stock for both companies. (Round your answers to the nearest cent.) (Net income Preferred dividends) Weighted average number of common share outstan Best Digital Every Zone Earnings per share of common stock Enter any number in the edit fields and then click Check Answer parts remaining Clear All i Data Table Selected balance sheet and market price data at the end of the current year: Best Digital Every Zone Current Assets: Cash Short-term Investments Accounts Receivables, Net Merchandise Inventory Prepaid Expenses Total Current Assets 28,000 $ 39,000 35,000 66,000 23,000 191,000 S 266,000 $ 101,000 101,000 17,000 19,000 43,000 96,000 14,000 189,000 328,000 100,000 128,000 Total Assets Total Current Liabilities Total Liabilities Common Stock: s to the r $1 par (10,000 shares) 10,000 $1 par (16,000 shares) Total Stockholders' Equity Market Price per Share of Common Stoclk Dividends Paid per Common Share 165,000 96.00 0.50 16,000 200,000 114.00 0.30 Selected balance sheet data at the beginning of the current year Best Digital Every Zone Balance sheet: Accounts Receivables, net Merchandise Inventory Total Assets 53,000 89,000 273,000 41,000 $ 80,000 262,000 Common Stock S1 par (10,000 shares) $1 par (16,000 shares) 10,000 16,000 Print Done ost of goods sold/Average merchandise inventory turnover for both companies. (Round your answers to two decimal places, X.xx.) Data Table th ul Selected income statement data for the current year: Best Digital Every Zone 420,115 S Net Sales Revenue (all on credit) Cost of Goods Sold Interest Expense Net Income 497,130 255,000 16,000 76,000 es ers to 210,000 60,000 Print Done