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WP15-32A (book/static) Assume that you are purchasing an investment and have decided to invest in a company in the digital phone business. You have narrowed

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WP15-32A (book/static) 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 Very 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 Assume that Read the reg Inventory turnover 284277 Requirement 1e. Compute the days' sales in receivables for both companies for the current year. Begin by selecting the formula to compute the days' sales in receivable. Days' sales in receivables - 365 /Accounts receivable tumover ratio Now, compute the days' sales in receivables for both companies. (Round interim calculations to two decimal places and your final answer Best Digital Very Zone Days' sales in receivables 34 35 Requirement 1d. Compute the debt ratio for both companies for the current year. Begin by selecting the formula to compute the debt ratio. Debt ratio Total abilities / Total asset Now, compute the debt ratio for both companies. (Round your answers to the one tenth of a percent. XX%) Best Digital Very Zone Debt ratio Enter any number in the edit fields and then click Check Answer 7 parts remaining Clear All esc 20 # AN Cos 2 of 2 (2 complete) company in the digital phone business. ave assembled the following data: Your strategy is to invest in companies that ha Assume that you have analyzed all other facto Read the requirements. i Data Table Selected income statement data for the current year: Best Digital Very Zone 417,925 $ Net Sales (all on credit) Cost of Goods Sold 207.000 493,845 259,000 14,000 72,000 Interest Expense Net Income 56,000 Print Done Zone Clear All lework* 2 of 2 (2 complete) i Data Table price that Selected balance sheet and market price data at the end of the current year: Best Digital Very Zone Current Assets: Cash S 23,000 $ 21,000 Short-term Investments 38,000 15,000 Accounts Receivables, Net 37,000 47,000 Merchandise Inventory 65,000 97.000 Prepaid Expenses 22,000 18,000 Total Current Assets 185,000 $ 198,000 Total Assets 261,000 $ 325,000 Total Current Liabilities 100.000 99,000 Total Liabilities 100,000 131,000 Common Stock, $1 par (12,000 shares) 12,000 $1 par (17,000 shares) 17,000 Total Stockholders' Equity 161.000 194,000 Market Price per Share of Common Stock 70.05 $ 97.52 Dividends Paid per Common Share 0.60 $ 0.40 Print Done mework* 2 of 2 (2 complete) Data Table price/ean that your e. hoof eivab verd -(Rol Ve Total Current Assets 185,000 $ 198,000 Total Assets 261,000 $ 325,000 Total Current Liabilities 100,000 99,000 Total Liabilities 100,000 131,000 Common Stock, $1 par (12,000 shares) 12,000 $1 par (17,000 shares) 17,000 Total Stockholders' Equity 161,000 194,000 Market Price per Share of Common Stock S ADA 70.05 $ 97.52 Dividends Paid per Common Share T R S 0.60 $ 0.40 R US Selected balance sheet data at the beginning of the current year: * ********* * Best Digital Very Zone Balance sheet: ******* RU Accounts Receivables, net $ 42,000 $ 49.000 Merchandise Inventory 81,000 90,000 Total Assets 258,000 2 75,000 Common Stock $1 par (12,000 shares) S1 par (17,000 shares) 17,000 ar the Marche answel 12,000 nswer. Print Done

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