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 $67 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7 20Y8 20Y7 Sales $6,456,850 $5,949,020 Cost of goods sold (2,201,680) (2,025,550) Gross profit $4,255,170 $3,923,470 Selling expenses $(1,534,090) $(1,839,790) Administrative expenses (1,306,820) (1,080,510) Total operating expenses (2,840,910) (2,920,300) Operating income $1,414,260 $1,003,170 Other revenue and expense: Other income 74,440 64,030 Other expense (interest) (456,000) (251,200) Income before income tax $1,032,700 $816,000 Income tax expense (123,900) (98,000) Net income $908,800 $718,000 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 $850,000 $970,000 $4,158,225 $850,000 $970,000 $3,505,475 Net income 908,800 718,000 Dividends: Preferred stock (11,900) (11,900) Common stock (53,350) (53,350) Balances, Dec. 31 $850,000 $970,000 $5,001,775 $850,000 $970,000 $4,158,225 AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7 Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Current assets: Cash $1,259,610 $864,980 Temporary investments 1,906,440 1,433,380 Accounts receivable (net) 1,146,100 1,080,400 Inventories 861,400 657,000 Prepaid expenses 238,309 173,000 Total current assets $5,411,859 $4,208,760 Long-term investments 1,503,869 -612,497 Property, plant, and equipment (net) 7,410,000 6,669,000 Total assets $14,325,728 $10,265,263 Liabilities Current liabilities $1,803,953 $1,147,038 Long-term liabilities: Mortgage note payable, 8%, due in 15 years $2,560,000 $0 Bonds payable, 8%, due in 20 years 3,140,000 3,140,000 Total long-term liabilities $5,700,000 $3,140,000 Total liabilities $7,503,953 $4,287,038 Stockholders' Equity Preferred $0.70 stock, $50 par $850,000 $850,000 Common stock, $10 par 970,000 970,000 Retained earnings 5,001,775 4,158,225 Total stockholders' equity $6,821,775 $5,978,225 Total liabilities and stockholders' equity $14,325,728 $10,265,263 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. Return on common stockholders equity