Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $62 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7 20Y8 20Y7 Sales $4,292,400 $3,954,850 Cost of goods sold (1,492,120) (1,372,750) Gross profit $2,800,280 $2,582,100 Selling expenses $(977,610) $(1,197,380) Administrative expenses (832,770) (703,220) Total operating expenses (1,810,380) (1,900,600) Operating income $989,900 $681,500 Other revenue and expense: Other income 52,100 43,500 Other expense (interest) (312,000