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 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$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.

Quick ratio

Times interest earned

Times preferred dividends earned

$$Asset turnover

Return on total assets

$$Return on common stockholders' equity

$$Earnings per share on common stock

Price earnings ratio

Dividends per share of common stock

Dividend yield