The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $53 on December 31, 20Y8.

AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7
	20Y8		20Y7
Sales	$4,597,175		$4,235,660
Cost of goods sold	(1,651,260)		(1,519,160)
Gross profit	$2,945,915		$2,716,500
Selling expenses	$(1,017,010)		$(1,233,730)
Administrative expenses	(866,335)		(724,570)
Total operating expenses	(1,883,345)		(1,958,300)
Operating income	$1,062,570		$758,200
Other revenue and expense:
Other income	55,930		48,400
Other expense (interest)	(344,000)		(189,600)
Income before income tax	$774,500		$617,000
Income tax expense	(92,900)		(74,100)
Net income	$681,600		$542,900

AUTOMOTIVE SOLUTIONS INC. Comparative Statement of Stockholders Equity For the Years Ended December 31, 20Y8 and 20Y7
	20Y8									20Y7
	Preferred Stock			Common Stock			Retained Earnings			Preferred Stock			Common Stock			Retained Earnings
Balances, Jan. 1		$640,000			$730,000			$3,124,000			$640,000			$730,000			$2,650,700
Net income								681,600									542,900
Dividends:
Preferred stock								(11,200)									(11,200)
Common stock								(58,400)									(58,400)
Balances, Dec. 31		$640,000			$730,000			$3,736,000			$640,000			$730,000			$3,124,000

AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7
	Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Current assets:
Cash	$905,020		$608,800
Temporary investments	1,369,760		1,008,880
Accounts receivable (net)	861,400		810,300
Inventories	642,400		496,400
Prepaid expenses	171,220		121,760
Total current assets	$3,949,800		$3,046,140
Long-term investments	1,182,800		-647,528
Property, plant, and equipment (net)	5,590,000		5,031,000
Total assets	$10,722,600		$7,429,612
Liabilities
Current liabilities	$1,316,600		$565,612
Long-term liabilities:
Mortgage note payable, 8%, due in 15 years	$1,930,000		$0
Bonds payable, 8%, due in 20 years	2,370,000		2,370,000
Total long-term liabilities	$4,300,000		$2,370,000
Total liabilities	$5,616,600		$2,935,612
Stockholders' Equity
Preferred $0.70 stock, $40 par	$640,000		$640,000
Common stock, $10 par	730,000		730,000
Retained earnings	3,736,000		3,124,000
Total stockholders' equity	$5,106,000		$4,494,000
Total liabilities and stockholders' equity	$10,722,600		$7,429,612

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 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	$fill in the blank 1
2. Current ratio	fill in the blank 2
3. Quick ratio	fill in the blank 3
4. Accounts receivable turnover	fill in the blank 4
5. Days' sales in receivables	fill in the blank 5	days
6. Inventory turnover	fill in the blank 6
7. Days' sales in inventory	fill in the blank 7	days
8. Debt ratio	fill in the blank 8	%
9. Ratio of liabilities to stockholders' equity	fill in the blank 9
10. Ratio of fixed assets to long-term liabilities	fill in the blank 10
11. Times interest earned	fill in the blank 11	times
12. Times preferred dividends earned	fill in the blank 12	times
13. Asset turnover	fill in the blank 13
14. Return on total assets	fill in the blank 14	%
15. Return on stockholders equity	fill in the blank 15	%
16. Return on common stockholders equity	fill in the blank 16	%
17. Earnings per share on common stock	$fill in the blank 17
18. Price-earnings ratio	fill in the blank 18
19. Dividends per share of common stock	$fill in the blank 19
20. Dividend yield	fill in the blank 20	%