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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 $ on December YAUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December Y and YYYSales$ $ Cost of goods sold Gross profit$ $ Selling expenses$ $ Administrative expenses Total operating expenses Operating income$ $ Other revenue and expense: Other income Other expense interest Income before income tax$ $ Income tax expense Net income$ $ AUTOMOTIVE SOLUTIONS INC. Comparative Statement of Stockholders Equity For the Years Ended December Y and YYY Preferred StockCommon StockRetained EarningsPreferred StockCommon StockRetained EarningsBalances, Jan. $ $ $ $ $ $ Net income Dividends: Preferred stock Common stock Balances, Dec. $ $ $ $ $ $ AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December Y and Y Dec. YDec. Y Assets Current assets: Cash$ $ Temporary investments Accounts receivable net Inventories Prepaid expenses Total current assets$ $ Longterm investments Property, plant, and equipment net Total assets$ $ Liabilities Current liabilities$ $ Longterm liabilities: Mortgage note payable, due in years$ $ Bonds payable, due in years Total longterm liabilities$ $ Total liabilities$ $ Stockholders' Equity Preferred $ stock, $ par$ $ Common stock, $ par Retained earnings Total stockholders' equity$ $ Total liabilities and stockholders' equity$ $ Instructions: Determine the following measures for Y 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 days in the year Working capital$fill in the blank Current ratiofill in the blank Quick ratiofill in the blank Accounts receivable turnoverfill in the blank Days' sales in receivablesfill in the blank days Inventory turnoverfill in the blank Days' sales in inventoryfill in the blank days Debt ratiofill in the blank Ratio of liabilities to stockholders' equityfill in the blank Ratio of fixed assets to longterm liabilitiesfill in the blank Times interest earnedfill in the blank times Times preferred dividends earnedfill in the blank times Asset turnoverfill in the blank Return on total assetsfill in the blank Return on stockholders equityfill in the blank Return on common stockholders equityfill in the blank Earnings per share on common stock$fill in the blank Priceearnings ratiofill in the blank Dividends per share of common stock$fill in the blank Dividend yieldfill in the blank
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