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 $119.70 on December 31, 20Y8. (see photos below). I am working on the solutions, but my time is running out. please help with:
#5,8,9,13,14,15,16,18, and 20 I have the rest.
The rest are answers for (#1) 2,790,000 (#2) 4.1 (#3) 2.5 (#4) 16 (#6) 5 (#7) 73 days (#10) 2.2 (#11) 7.6 (#12) 20 times (#17) 8.55 (#19) 0.5
Also, This question was previously answered in Chegg, but all are wrong.
Twenty metrics of liquidity, solvency, and profitability P9-4 The comparative financial statements of Automotive Solutions Inc. are as follows. The mar ket price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7 5. Days' sales in receivables, 22.8 20Y8 $10,000,000 4,650,000 20Y7 9,400,000 (4,950,000 $4,450,000 $(1,880,000) (1,410,000) $(3,290,000) 1,160,000 Cost of goods sold Gross proft Selling expenses Administrative expenses Total operating expenses Operating income Other revenue and expense: 350,000) $ (2,000,000) 1,500,000 3,500,0 1,150,000 Other revenue 150,000 (170,000) 1,130,000 140,000 (150,000 1,150,000 (225,000) 925,000 Other expense (interest) Income before income tax Income tax expense Net income $900,000 AUTOMOTIVE SOLUTIONS INC. Comparative Statement of Stockholders'Equity For the Years Ended December 31, 20Y8 and 20Y7 20Y8 20Y7 Preferred Common Retained Preferred Common Retained Stock Earnings Balances, Jan. 1$500,000 $500,000 $5,375,000 $500,000 $500,000 $4,545,000 925,000 Stock Earnings Stock Net income Dividends: 900,000 (45,000) (50,000) Balances, Dec. 31 $500,000 $500,000 $6,180,000 S500,000 $500,000 S5,375,000 Preferred stock Common stock (45,000) AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7 Dec. 31, 20Y8 Dec. 31, 20Y7 Current assets: 500,000 1,010,000 740,000 1,190,000 250,000 $3,690,000 2,350,000 3,740,000 $9,780,000 400,000 1,000,000 510,000 950,000 Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses 229 Total current assets $3,089,000 2,300,000 3,366,000 $8,755,000 Long-term investments Property, plant, and equipment (net) Total assets 399 Metric-Analysis of Financial Statements Chapter 9 Liabilities $ 880,000 900,000 Current liabilities Long-term liabilities: $200,000 1,500,000 $1,700,000 $2,600,000 Mortgage note payable, 1096 1,500,000 $1,500,000 $2,380,000 Bonds payable, 10% Total long-term liabilities Total liabilities Stockholders' Equity 500,000 500,000 6,180,000 $7,180,000 $9,780,000 $ 500,000 500,000 5,375,500 $6,375,000 $8,755,000 Preferred $0.90 stock, $10 par Common stock, $5 par Retained earnings Total stockholders' equity Total liabilities and stockholders'equity Instructions Determine the following measures for 20Y8. Round all ratios to one decimal place. Round earnings per share and dividends per share to the nearest cent. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables 6. Inventory turnover 7. Days' sales in inventory 8. Debt ratio 9. Ratio of liabilities to stockholders' equity 10. Ratio of fixed assets to long-term liabilities 11. Times interest earned 12. Times preferred dividends earned 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
