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 $56 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7 20Y8 20Y7 Sales $2,059,695 $1,897,700 Cost of goods sold (694,960) (639,360) Gross profit $1,364,735 $1,258,340 Selling expenses $(467,020) $(571,030) Administrative expenses (397,825) (335,370) Total operating expenses (864,845) (906,400) Operating income $499,890 $351,940 Other revenue and expense: Other income 26,310 22,460 Other expense (interest) (128,000)