AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 2048 and 2017 Dec 31, 20Y8 Dec 31, 2017 Assets Current assets: Cash $ 400,000 Marketable securities Accounts receivable (net) $ 500,000 1,010,000 1,000,000 740,000 Inventories 1,190,000 510,000 950,000 229,000 Prepaid expenses 250,000 Total current assets Long-term investments Property, plant, and equipment (net) Total assets $3,690,000 2,350,000 3,740,000 $9,780,000 $3,089,000 2,300,000 3,366,000 $8,755,000 Liabilities Current liabilities $ 900,000 $ 880,000 Liabilities Current liabilities 880,000 $ 900,000 Long-term liabilities: Mortgage note payable, 10% $ 200,000 1,500,000 Bonds payable, 10% Total long-term liabilities 1,500,000 $1,700,000 $2,600,000 $1,500,000 $2,380,000 Total liabilities Stockholders' Equity Preferred $0.90 stock, $10 par $ 500,000 $ 500,000 500,000 500,000 Common stock, $5 par 5,375,500 Retained earnings 6,180,000 $6,375,000 Total stockholders' equity $7,180,000 $9,780,000 $8,455,000 Total liabilities and stockholders' equity ht/takeAssignment Main.do?invokersassignments&takeAssignmemisessUTLOO K 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 receivables and number of days' sales in inventory, round intermediate calculations to the nearest whole dollar and final amounts to one decimal place. Assume there are 365 days in the year. 1. Working capital 2,790,000 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables 22.8 6. Inventory turnover UUUUUUUUULI 7. Days' sales in Inventory 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 20 times 13. Asset turnover 2.8 11.5 % 14. Return on total assets 15. Return on stockholders' equity 13.2 x % 16. Return on common stockholders' equity 171 X % 17. Earnings per share on common stock 18. Price-earnings ratio 19. Dividends per share of common stock 20. Dividend yield AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 2048 and 2017 Dec 31, 20Y8 Dec 31, 2017 Assets Current assets: Cash $ 400,000 Marketable securities Accounts receivable (net) $ 500,000 1,010,000 1,000,000 740,000 Inventories 1,190,000 510,000 950,000 229,000 Prepaid expenses 250,000 Total current assets Long-term investments Property, plant, and equipment (net) Total assets $3,690,000 2,350,000 3,740,000 $9,780,000 $3,089,000 2,300,000 3,366,000 $8,755,000 Liabilities Current liabilities $ 900,000 $ 880,000 Liabilities Current liabilities 880,000 $ 900,000 Long-term liabilities: Mortgage note payable, 10% $ 200,000 1,500,000 Bonds payable, 10% Total long-term liabilities 1,500,000 $1,700,000 $2,600,000 $1,500,000 $2,380,000 Total liabilities Stockholders' Equity Preferred $0.90 stock, $10 par $ 500,000 $ 500,000 500,000 500,000 Common stock, $5 par 5,375,500 Retained earnings 6,180,000 $6,375,000 Total stockholders' equity $7,180,000 $9,780,000 $8,455,000 Total liabilities and stockholders' equity ht/takeAssignment Main.do?invokersassignments&takeAssignmemisessUTLOO K 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 receivables and number of days' sales in inventory, round intermediate calculations to the nearest whole dollar and final amounts to one decimal place. Assume there are 365 days in the year. 1. Working capital 2,790,000 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables 22.8 6. Inventory turnover UUUUUUUUULI 7. Days' sales in Inventory 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 20 times 13. Asset turnover 2.8 11.5 % 14. Return on total assets 15. Return on stockholders' equity 13.2 x % 16. Return on common stockholders' equity 171 X % 17. Earnings per share on common stock 18. Price-earnings ratio 19. Dividends per share of common stock 20. Dividend yield
