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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.

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 $61 on December 31, 20Y8.

AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7
20Y8 20Y7
Sales $1,799,450 $1,657,950
Cost of goods sold (678,900) (624,590)
Gross profit $1,120,550 $1,033,360
Selling expenses $(384,150) $(473,710)
Administrative expenses (327,240) (278,210)
Total operating expenses (711,390) (751,920)
Operating income $409,160 $281,440
Other revenue and expense:
Other revenue 21,540 17,960
Other expense (interest) (128,000) (70,400)
Income before income tax $302,700 $229,000
Income tax expense (36,300) (27,100)
Net income $266,400 $201,900

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 $240,000 $270,000 $1,167,075 $240,000 $270,000 $985,725
Net income 266,400 201,900
Dividends:
Preferred stock (8,400) (8,400)
Common stock (12,150) (12,150)
Balances, Dec. 31 $240,000 $270,000 $1,412,925 $240,000 $270,000 $1,167,075

AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7
Dec. 31, 20Y8 Dec. 31, 20Y7
Assets
Current assets:
Cash $418,400 $269,100
Temporary investments 633,260 445,930
Accounts receivable (net) 321,200 299,300
Inventories 248,200 189,800
Prepaid expenses 79,159 53,820
Total current assets $1,700,219 $1,257,950
Long-term investments 417,924 82,213
Property, plant, and equipment (net) 1,920,000 1,728,000
Total assets $4,038,143 $3,068,163
Liabilities
Current liabilities $515,218 $511,088
Long-term liabilities:
Mortgage note payable, 8%, due in 15 years $720,000 $0
Bonds payable, 8%, due in 20 years 880,000 880,000
Total long-term liabilities $1,600,000 $880,000
Total liabilities $2,115,218 $1,391,088
Stockholders' Equity
Preferred $0.70 stock, $20 par $240,000 $240,000
Common stock, $10 par 270,000 270,000
Retained earnings 1,412,925 1,167,075
Total stockholders' equity $1,922,925 $1,677,075
Total liabilities and stockholders' equity $4,038,143 $3,068,163

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.

1. Working capital $fill in the blank 1
2. Current ratio fill in the blank 2
3. Quick ratio fill in the blank 3
4. Accounts receivable turnover fill in the blank 4
5. Days' sales in receivables fill in the blank 5 days
6. Inventory turnover fill in the blank 6
7. Days' sales in inventory fill in the blank 7 days
8. Debt ratio fill in the blank 8 %
9. Ratio of liabilities to stockholders' equity fill in the blank 9
10. Ratio of fixed assets to long-term liabilities fill in the blank 10
11. Times interest earned fill in the blank 11 times
12. Times preferred dividends earned fill in the blank 12 times
13. Asset turnover fill in the blank 13
14. Return on total assets fill in the blank 14 %
15. Return on stockholders' equity fill in the blank 15 %
16. Return on common stockholders' equity fill in the blank 16 %
17. Earnings per share on common stock $fill in the blank 17
18. Price-earnings ratio fill in the blank 18
19. Dividends per share of common stock $fill in the blank 19
20. Dividend yield fill in the blank 20 %

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