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Please look over my calculations and help guide me on how to correctly calculate them?

Twenty metrics of liquidity,Solvency, andProfitability

The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $63 on December 31, 20Y8.

AUTOMOTIVE SOLUTIONS INC.

Comparative Income Statement

For the Years Ended December 31, 20Y8 and 20Y7

20Y8 20Y7

Sales $2,538,210 $2,338,550

Cost of goods sold (889,140) (818,010)

Gross profit $1,649,070 $1,520,540

Selling expenses $(560,690) $(683,160)

Administrative expenses(477,630) (401,220)

Total operating expenses(1,038,320) (1,084,380)

Operating income $610,750 $436,160

Other revenue and expense:

Other income 32,150 27,840

Other expense (interest)(152,000) (84,000)

Income before income tax $490,900 $380,000

Income tax expense (58,900) (45,600)

Net income $432,000 $334,400

AUTOMOTIVE SOLUTIONS INC.

Comparative Statement of Stockholders' Equity

For the Years Ended December 31, 20Y8 and 20Y7

Years Ended December 31, 20Y8 and 20Y7

20Y8 20Y7

_{PreferredStock CommonStock RetainedEarnings PreferredStock CommonStock RetainedEarnings}

_{Jan.1$400,000$460,000 $1,938,300$400,000$460,000$1,632,500}

_{Net income432,000334,400}

_Dividends:

_{Preferred stock(5,600) (5,600)}

_{Common stock(23,000) (23,000)}

_{Dec. 31$400,000$460,000 $2,341,700$400,000$460,000$1,938,300}

AUTOMOTIVE SOLUTIONS INC.

Comparative Balance Sheet

December 31, 20Y8 and 20Y7

Dec. 31, 20Y8 Dec. 31, 20Y7

Assets

Current assets:

Cash $532,180 $440,260

Temporary investments 805,460 729,570

Accounts receivable (net) 459,900 430,700

Inventories 350,400 262,800

Prepaid expenses 100,684 88,050

Total current assets $2,248,624 $1,951,380

Long-term investments 1,424,436 927,083

Property, plant, and equipment (net)2,090,000 1,881,000

Total assets $5,763,060 $4,759,463

Liabilities

Current liabilities $661,360 $911,163

Long-term liabilities:

Mortgage note payable, 8%, due in 15 years $850,000 $0

Bonds payable, 8%, due in 20 years 1,050,000 1,050,000

Total long-term liabilities $1,900,000 $1,050,000

Total liabilities $2,561,360 $1,961,163

Stockholders' Equity

Preferred $0.70 stock, $50 par $400,000 $400,000

Retained earnings 2,341,700 1,938,300

Total stockholders' equity $3,201,700 $2,798,300

Total liabilities and stockholders' equity $5,763,060 $4,759,463

Instructions: (Here is where my calculations are made)

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.

8.Debt ratio% 44, this is incorrect

14.Return on total assets 11%, this is incorrect