5. Days' sales in receivables days 6. Inventory turnover 7. Days' sales in inventory days 8. Debt ratio % 9. Ratio of liabilities to stockholders' equity 10. Ratio of fixed assets to long-term liabilities 11. Times interest earned times 12. Times preferred dividends earned times 13. Asset turnover 14. Return on total assets % 15. Return on stockholders' equity % 16. Return on common stockholders' equity % 17. Earnings per share on common stock $ 18. Price-earnings ratio UIT 19. Dividends per share of common stock 20. Dividend yield % Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was 558 on December 31, 2018 AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2018 2017 Sales $2,496,600 Cost of goods sold $2,300,290 (733,390) (792.160) Gross profit $1,699,440 $(615,290) Selling expenses Administrative expenses Total operating expenses $1,566,900 $(727,640) (427,350) (1.154,990) (524,130) (1,139,420) Operating Income $560,020 $411,910 Other revenue and expense: Other revenue 26,290 29,480 (144,000) Other expense interest) (79,200) $359.000 Income before income tax $445,500 (43,000) Income tax expense (53,500) $392,000 $316,000 Net income AUTOMOTIVE SOLUTIONS INC. Comparative Statement of Stockholders' Equity For the Years Ended December 31, 2048 and 2017 20Y8 2017 Common Retained Common Stock Preferred Stock Stock Earnings Retained Earnings $1,815,700 392,000 $430,000 $380,000 $430,000 $1,543,100 316,000 Preferred Stock Balances, Jan. 1 $380,000 Net Income Dividends: Preferred stock Common stock Balances, Dec. 31 $380,000 (13,300) (13,300) (30,100) $2,164,300 (30,100) $430,000 $380,000 $430,000 $1,815,700 AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 2048 and 2017 Dec. 31, Y8 Dec 31, 2017 Assets Current assets: Cash $402,820 $386,410 584,840 Temporary investments 667,520 Comparative Balance Sheet December 31, 2018 and 2017 Dec. 31, 20Y8 Dec. 31, 2017 Assets Current assets: Cash $386,410 $402,820 Temporary investments 584,840 667,520 Accounts receivable (net) 430,700 401,500 Inventories 321,200 248,200 Prepaid expenses 73,114 80,560 Total current assets $1,796,264 $1,800,600 1,577,476 809,115 Long-term investments Property, plant, and equipment (net) Total assets 1,980,000 1,782,000 $5,353,740 $4,391,715 Liabilities Current liabilities $579,440 $776,015 Long-term liabilities: $810,000 $0 Mortgage note payable, 8%, due in 15 years Bonds payable, 8%, due in 20 years 990,000 990,000 Total long-term liabilities $1,800,000 $990,000 Total liabilities $2,379,440 $1,766,015 otal assets 55,353,740 $4,391,715 Liabilities Current liabilities $579,440 $776,015 Long-term liabilities: Mortgage note payable, 8%, due in 15 years Bonds payable, 8%, due in 20 years $810,000 $0 990,000 990,000 Total long-term liabilities $1,800,000 $990,000 Total liabilities $2,379,440 $1,766,015 Stockholders' Equity Preferred $0.70 stock, $20 par Common stock, $10 par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $380,000 430,000 2,164,300 $380,000 430,000 1,815,700 $2,625,700 $2,974,300 $5,353,740 $4,391,715 Instructions: Determine the following measures for 20Y8. Round ratio values to one decimal place and dollar amounts to the nearest cent. For number of days' sales in rece inventory, round Intermediate calculations to the nearest whole dollar and final amounts to one decimal place. As
