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 $57 on December 31, 20Y8.

AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7
	20Y8		20Y7
Sales	$4,022,300		$3,705,930
Cost of goods sold	(1,376,050)		(1,265,970)
Gross profit	$2,646,250		$2,439,960
Selling expenses	$(918,030)		$(1,122,750)
Administrative expenses	(782,020)		(659,400)
Total operating expenses	(1,700,050)		(1,782,150)
Operating income	$946,200		$657,810
Other revenue and expense:
Other income	49,800		41,990
Other expense (interest)	(256,000)		(140,800)
Income before income tax	$740,000		$559,000
Income tax expense	(88,800)		(67,400)
Net income	$651,200		$491,600

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		$600,000			$680,000			$2,826,850			$600,000			$680,000			$2,400,150
Net income								651,200									491,600
Dividends:
Preferred stock								(10,500)									(10,500)
Common stock								(54,400)									(54,400)
Balances, Dec. 31		$600,000			$680,000			$3,413,150			$600,000			$680,000			$2,826,850

AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7
	Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Current assets:
Cash	$671,880		$626,190
Temporary investments	1,016,910		1,037,680
Accounts receivable (net)	715,400		671,600
Inventories	540,200		408,800
Prepaid expenses	127,115		125,240
Total current assets	$3,071,505		$2,869,510
Long-term investments	2,325,480		961,294
Property, plant, and equipment (net)	3,520,000		3,168,000
Total assets	$8,916,985		$6,998,804
Liabilities
Current liabilities	$1,023,835		$1,131,954
Long-term liabilities:
Mortgage note payable, 8%, due in 15 years	$1,440,000		$0
Bonds payable, 8%, due in 20 years	1,760,000		1,760,000
Total long-term liabilities	$3,200,000		$1,760,000
Total liabilities	$4,223,835		$2,891,954
Stockholders' Equity
Preferred $0.70 stock, $40 par	$600,000		$600,000
Common stock, $10 par	680,000		680,000
Retained earnings	3,413,150		2,826,850
Total stockholders' equity	$4,693,150		$4,106,850
Total liabilities and stockholders' equity	$8,916,985		$6,998,804

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.

Debt Ratio:

Ratio of liabilities to stockholders' equity:

Ratio of fixed assets to long term liabilities: