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 $4,707,040 $4,336,800 Cost of goods sold (1,861,500) (1,712,580) Gross profit $2,845,540 $2,624,220 Selling expenses $(917,350) $(1,144,320) Administrative expenses (781,450) (672,060) Total operating expenses (1,698,800) (1,816,380) Operating income $1,146,740 $807,840 Other revenue and expense: Other revenue 60,360 51,560 Other expense (interest) (368