The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $60 on December 31, 20Y8.

AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7
	20Y8		20Y7
Sales	$1,470,220		$1,354,620
Cost of goods sold	(571,590)		(525,860)
Gross profit	$898,630		$828,760
Selling expenses	$(295,350)		$(365,430)
Administrative expenses	(251,590)		(214,610)
Total operating expenses	(546,940)		(580,040)
Operating income	$351,690		$248,720
Other revenue and expense:
Other revenue	18,510		15,880
Other expense (interest)	(112,000)		(61,600)
Income before income tax	$258,200		$203,000
Income tax expense	(31,000)		(24,700)
Net income	$227,200		$178,300

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		$220,000			$250,000			$1,027,125			$220,000			$250,000			$870,275
Net income								227,200									178,300
Dividends:
Preferred stock								(7,700)									(7,700)
Common stock								(13,750)									(13,750)
Balances, Dec. 31		$220,000			$250,000			$1,232,875			$220,000			$250,000			$1,027,125

AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7
	Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Current assets:
Cash	$356,350		$208,020
Temporary investments	539,340		344,710
Accounts receivable (net)	284,700		270,100
Inventories	219,000		175,200
Prepaid expenses	67,415		41,600
Total current assets	$1,466,805		$1,039,630
Long-term investments	569,233		110,044
Property, plant, and equipment (net)	1,540,000		1,386,000
Total assets	$3,576,038		$2,535,674
Liabilities
Current liabilities	$473,163		$268,549
Long-term liabilities:
Mortgage note payable, 8%, due in 15 years	$630,000		$0
Bonds payable, 8%, due in 20 years	770,000		770,000
Total long-term liabilities	$1,400,000		$770,000
Total liabilities	$1,873,163		$1,038,549
Stockholders' Equity
Preferred $0.70 stock, $20 par	$220,000		$220,000
Common stock, $10 par	250,000		250,000
Retained earnings	1,232,875		1,027,125
Total stockholders' equity	$1,702,875		$1,497,125
Total liabilities and stockholders' equity	$3,576,038		$2,535,674

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	$
2. Current ratio
3. Quick ratio
4. Accounts receivable turnover
5. Days' sales in receivables		days
6. Inventory turnover
7. Days' sales in inventory		days
8. Debt ratio		%
9. Ratio of liabilities to stockholders' equity
10. Ratio of fixed assets to long-term liabilities
11. Times interest earned		times
12. Times preferred dividends earned		times
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		%