The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $$67$ on December $31,20$Y$8.$

AUTOMOTIVE SOLUTIONS INC.

Comparative Income Statement

For the Years Ended December $31,20$Y$8$ and $20$Y$7$

$20$Y$820$Y$7$

Sales $$6,303,915$ $$5,808,110$

Cost of goods sold $(2,105,320)(1,936,890)$

Gross profit $$4,198,595$ $$3,871,220$

Selling expenses $$(1,445,830)$ $$(1,781,050)$

Administrative expenses $(1,231,625)(1,046,020)$

Total operating expenses $(2,677,455)(2,827,070)$

Operating income $$1,521,140$ $$1,044,150$

Other revenue and expense:

Other revenue $80,06066,650$

Other expense $($interest$)(408,000)(224,800)$

Income before income tax $$1,193,200$ $$886,000$

Income tax expense $(143,200)(106,300)$

Net income $$1,050,000$ $$779,700$

AUTOMOTIVE SOLUTIONS INC.

Comparative Statement of Stockholders' Equity

For the Years Ended December $31,20$Y$8$ and $20$Y$7$

$20$Y$820$Y$7$

Preferred

Stock Common

Stock Retained

Earnings Preferred

Stock Common

Stock Retained

Earnings

Balances, Jan. $1$ $$950,000$ $$1,080,000$ $$4,492,150$ $$950,000$ $$1,080,000$ $$3,806,750$

Net income $1,050,000779,700$

Dividends:

Preferred stock $(13,300)(13,300)$

Common stock $(81,000)(81,000)$

Balances, Dec. $31$ $$950,000$ $$1,080,000$ $$5,447,850$ $$950,000$ $$1,080,000$ $$4,492,150$

AUTOMOTIVE SOLUTIONS INC.

Comparative Balance Sheet

December $31,20$Y$8$ and $20$Y$7$

Dec. $31,20$Y$8$ Dec. $31,20$Y$7$

Assets

Current assets:

Cash $$1,315,950$ $$1,026,210$

Temporary investments $1,991,7101,700,570$

Accounts receivable $($net$)1,138,8001,073,100$

Inventories $846,800657,000$

Prepaid expenses $248,961205,240$

Total current assets $$5,542,221$ $$4,662,120$

Long$-$term investments $2,545,6941,200,912$

Property, plant, and equipment $($net$)6,120,0005,508,000$

Total assets $$14,207,915$ $$11,371,032$

Liabilities

Current liabilities $$1,630,065$ $$2,038,882$

Long$-$term liabilities:

Mortgage note payable, $8\%,$ due in $15$ years $$2,290,000$ $$0$

Bonds payable, $8\%,$ due in $20$ years $2,810,0002,810,000$

Total long$-$term liabilities $$5,100,000$ $$2,810,000$

Total liabilities $$6,730,065$ $$4,848,882$

Stockholders' Equity

Preferred $$0\mathrm{.}70$ stock, $$50$ par $$950,000$ $$950,000$

Common stock, $$10$ par $1,080,0001,080,000$

Retained earnings $5,447,8504,492,150$

Total stockholders' equity $$7,477,850$ $$6,522,150$

Total liabilities and stockholders' equity $$14,207,915$ $$11,371,032$

Instructions:

Determine the following measures for $20$Y$8.$

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 $20\%$