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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 Digitalized Corp. and Every Zone, Inc. and have assembled the following data Click to view the income statement data.) Click to view the balance sheet and market price data) Your strategy is to invest in have analyzed all other factom Read the requirements Requirement 1a. Compute the acid-test ratio for both companies for the current year. Begin by selecting the formula to compute the acid-test ratio. Acid-test ratio 365 Accounts receivable turnover ratio Annual dividend per share. Earnings per share (Cash + Cash equivalents) + Total current liabilities (Cash + Short-term investments + Accounts receivable, net). Total current liabilities Cost of goods sold Average merchandise inventory Market price per share of common stock + Earnings per share (Net income - Preferred dividends) + Weighted average number of common share outstanding Total current assets. Total current liabilities Total liabilities - Total asset urrent year. - . Data Table Selected income statement data for the current year: Every Zone Digitalized 420,115 $ 210,000 Net Sales Revenue (all on credit) Cost of Goods Sold Interest Expense Net Income 497,130 257,000 17,000 0 60,000 68,000 Print Done 7 Assignment Question 5, PC-28A (simi... HW Score: 32.33%, 32.33 of 100 points Date - X vest in a co e assembled Data Table price/earings ratios depends on the res the current ye Selected balance sheet and market price data at the end of the current year: Digitalized Every Zone Current Assets: Cash $ 23,000 $ 19,000 Short-term Investments 38,000 14,000 Accounts Receivables, Net 40,000 46,000 Merchandise Inventory 64,000 98,000 Prepaid Expenses 22,000 13,000 $ Total Current Assets 187,000 $ 190,000 Total Assets $ 261,000 $ 323,000 Total Current Liabilities 100,000 95,000 Total Liabilities 100,000 130,000 Common Stock $1 par (10,010 shares) 10,000 $1 par (17,000 shares) 17,000 Total Stockholders' Equity 161,000 193,000 Market Price per Share of Common Stock 108.00 96.00 Dividends Pald per Common Share 0.90 0.60 Selected balance sheet data at the beginning of the current year: Digitalized Every Zone Balance sheet Print Done Jer t year. Requirements 1. Compute the following ratios for both companies for the current year. a. Acid-test ratio b. Inventory turnover c. Days' sales in receivables d. Debt ratio e. Earnings per share of common stock f. Price/eamings ratio g. Dividend payout 2. Decide which company's stock better fits your investment strategy. Print Done