Help with only numbers 5, 7, 11, 13 and 16. Thank you in advance!
E2F8 P9-4 Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The mar- ket price of Automotive Solutions Inc, common stock was $119.70 on December 31, 20Y8. les in 228 AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2048 2017 Sales $10,000,000 $ 9,400,000 Cost of goods sold (5,350,000) 14.950,000) Gross profi $ 4,650,000 $ 4,450,000 Selling expenses $ 12,000,0001 $11,880,000) Administrative expenses (1,500,000) (1410,000) Total operating expenses $3,500,000) $13,290,000) Operating income $ 1,150,000 $ 1.160,000 Other revenue and expense. Other revenue 150,000 140,000 Other expense interest) (170,000) 050,000) Income before income tax $ 1,130.000 $ 1,150,000 Income tax expense 1230.000) (225,000) Net income $ 900,000 $ 925,000 AUTOMOTIVE SOLUTIONS INC. Comparative Statement of Stockholders'Equity For the Years Ended December 31, 2048 and 2077 2048 2017 Preferred Common Retained Preferred Common Stock Stock Earnings Stock Stock $500,000 $500,000 $5,375,000 $500,000 $500,000 900,000 Retained Earnings $4.545,000 925,000 Balances, Jan. 1 Net income Dividends: Preferred stock Common stock Balances, Dec.31 (45,000) (50,000) $500,000 $500,000 $6.180.000 $500.000 (45.000) (50,000) 5500,000 $5,375,000 AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 2048 and 2047 Dec. 31, 20Y8 Dec 31, 2017 Current assets: Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant and equipment (net Total assets $ 500,000 1,010,000 740,000 1,190,000 250,000 $3,690,000 2,350,000 3.740.000 $9,780.000 $ 400,000 1.000.000 $10,000 950,000 229,000 $3,089,000 2.300,000 3,366,000 $8.755.000 Chapter 9 Metric-Analysis of Financial Statements labu curte LO $ 900.000 $ 880,000 Liabilities Current liabilities Long-term liabilities: Mortgage note payable, 10% Bonds payable, 10% Total long-term liabilities Total liabilities Stockholders' Equity Preferred 50.90 stock $10 par Common stock, $5 par Retained earnings Total stockholders' equity Total liabilities and stockholders'equity $ 200,000 1.500.000 $1,700,000 $2,600,000 1,500,000 $1,500,000 $2,380,000 $ 500,000 500,000 $ 500,000 500,000 6,180,000 $7,180,000 59.780,000 5,375,500 $6,375.000 $8,755,000 Instructions Determine the following measures for 20Y8. Round all ratios to one decimal place. Round eamings per share and dividends per share to the nearest cent. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables 6. Inventory turnover 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 12. Times preferred dividends earned 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 19. Dividends per share of common stock 20. Dividend yield
