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	$5,761,525		$5,308,370
Cost of goods sold	(2,124,300)		(1,954,360)
Gross profit	$3,637,225		$3,354,010
Selling expenses	$(1,217,840)		$(1,521,070)
Administrative expenses	(1,037,425)		(893,320)
Total operating expenses	(2,255,265)		(2,414,390)
Operating income	$1,381,960		$939,620
Other revenue and expense:
Other revenue	72,740		59,980
Other expense (interest)	(432,000)		(237,600)
Income before income tax	$1,022,700		$762,000
Income tax expense	(122,700)		(91,300)
Net income	$900,000		$670,700

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		$800,000			$910,000			$3,875,175			$800,000			$910,000			$3,274,825
Net income								900,000									670,700
Dividends:
Preferred stock								(11,200)									(11,200)
Common stock								(59,150)									(59,150)
Balances, Dec. 31		$800,000			$910,000			$4,704,825			$800,000			$910,000			$3,875,175

AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7
	Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Current assets:
Cash	$1,325,490		$972,440
Temporary investments	2,006,150		1,611,460
Accounts receivable (net)	1,080,400		1,014,700
Inventories	803,000		613,200
Prepaid expenses	250,776		194,490
Total current assets	$5,465,816		$4,406,290
Long-term investments	1,525,317		508,759
Property, plant, and equipment (net)	6,480,000		5,832,000
Total assets	$13,471,133		$10,747,049
Liabilities
Current liabilities	$1,656,308		$2,191,874
Long-term liabilities:
Mortgage note payable, 8%, due in 15 years	$2,430,000		$0
Bonds payable, 8%, due in 20 years	2,970,000		2,970,000
Total long-term liabilities	$5,400,000		$2,970,000
Total liabilities	$7,056,308		$5,161,874
Stockholders' Equity
Preferred $0.70 stock, $50 par	$800,000		$800,000
Common stock, $10 par	910,000		910,000
Retained earnings	4,704,825		3,875,175
Total stockholders' equity	$6,414,825		$5,585,175
Total liabilities and stockholders' equity	$13,471,133		$10,747,049

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.\

1.

Working capital	3,809,508
Current ratio	3.3
Quick ratio	2.7
Accounts receivable turnover
Days' sales in receivables		days
Inventory turnover	3
Days' sales in inventory		days
Debt ratio		%
Ratio of liabilities to stockholders' equity
Ratio of fixed assets to long-term liabilities
Times interest earned		times
Times preferred dividends earned		times
Asset turnover
Return on total assets		%
Return on stockholders' equity		%
Return on common stockholders' equity		%
Earnings per share on common stock
Price-earnings ratio
Dividends per share of common stock
Dividend yield		%