eBook Calculator 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 $119. 2018 AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2048 and 2017 2017 2018 $ 9,400,000 Sales $10,000,000 (5,350,000) (4,950,000) Cost of goods sold $ 4,650,000 $ 4,450,000 Gross profit $(1,880,000) Selling expenses $ (2,000,000) (1,500,000) (1,410,000) Administrative expenses Total operating expenses $ (3,500,000) $(3,290,000) $ 1,160,000 Operating income $ 1,150,000 Other revenue and expense: Other revenue 150,000 140,000 Other expense (interest) (170,000) (150,000) Income before income tax 1,130,000 $ 1,150,000 Income tax expense (230,000) (225,000) Net Income $ 900,000 5 925,000 AUTOMOTIVE SOLUTIONS INC. Comparative Statement of Stockholders' Equity For the Years Ended December 31, 2018 and 2017 eBook Calculator AUTOMOTIVE SOLUTIONS INC. Comparative Statement of Stockholders' Equity For the Years Ended December 31, 2018 and 2017 2048 2017 Preferred Commor Retained Preferred Common Stock Stock Earnings Stock Stock Retained Earnings Balances, Jan. 1 $500,000 $500,000 $5,375,000 $500,000 $500,000 $4,545,000 Net Income 900,000 925,000 (45,000) (45,000) Dividends: Preferred stock Common stock Balances, Dec. 31 (50,000) (50,000) $500,000 $500,000 $6,180,000 $500,000 $500,000 $5,375,000 AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 2018 and 2017 Dec. 31, 2018 Dec 31, 2017 Assets Current assets: Cash $ 500,000 $ 400,000 1,010,000 1,000,000 Marketable securities Accounts receivable (net) 740,000 510,000 Inventories 1,190,000 950,000 Prepaid expenses 250,000 229,000 Total current assets $3,690,000 $3,089,000 eBook Calculator Long-term investments 2,350,000 2,300,000 Property, plant, and equipment (net) 3,740,000 3,366,000 Total assets $9,780,000 $8,755,000 Liabilities Current liabilities $ 900,000 $ 880,000 $0 $ 200,000 1,500,000 1,500,000 Long-term ljabilities: Mortgage note payable, 10% Bonds payable, 10% Total long-term liabilities Total liabilities Stockholders' Equity Preferred $0.90 stock, $10 par $1,700,000 $1,500,000 $2,600,000 $2,380,000 $ 500,000 $ 500,000 Common stock, $5 par 500,000 500,000 6,180,000 5,375,500 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $7,180,000 $6,375,000 $9,780,000 $8,755,000 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 inventory, round intermediate calculations to the nearest whole dollar and final amounts to one decimal plac 1. Working capital 2. Current ratio 3. Quick ratio ebook Calculator 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. Current ratio 3. Quicki 4. Accounts receive turnover 5. Daarbie days 6. Inventory turnover 7. Das watery days 8. Dette 9. aastohuty 10. tolong-term lates times 12. reddendamned times 17. aming pershare common stock 18. 19. Didends who mestock 20. Didende
