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 $59 on December 31, 20Y8.

AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7
	20Y8		20Y7
Sales	$2,799,550		$2,579,400
Cost of goods sold	(963,600)		(886,510)
Gross profit	$1,835,950		$1,692,890
Selling expenses	$(652,780)		$(782,980)
Administrative expenses	(556,080)		(459,840)
Total operating expenses	(1,208,860)		(1,242,820)
Operating income	$627,090		$450,070
Other revenue and expense:
Other income	33,010		28,730
Other expense (interest)	(176,000)		(96,800)
Income before income tax	$484,100		$382,000
Income tax expense	(58,100)		(45,600)
Net income	$426,000		$336,400

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		$400,000			$460,000			$1,944,350			$400,000			$460,000			$1,642,650
Net income								426,000									336,400
Dividends:
Preferred stock								(14,000)									(14,000)
Common stock								(20,700)									(20,700)
Balances, Dec. 31		$400,000			$460,000			$2,335,650			$400,000			$460,000			$1,944,350

AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 20Y7
	Dec. 31, 20Y8		Dec. 31, 20Y7
Assets
Current assets:
Cash	$459,450		$399,620
Temporary investments	695,390		662,240
Accounts receivable (net)	489,100		459,900
Inventories	365,000		277,400
Prepaid expenses	86,924		79,920
Total current assets	$2,095,864		$1,879,080
Long-term investments	1,335,871		328,052
Property, plant, and equipment (net)	2,640,000		2,376,000
Total assets	$6,071,735		$4,583,132
Liabilities
Current liabilities	$676,085		$568,782
Long-term liabilities:
Mortgage note payable, 8%, due in 15 years	$990,000		$0
Bonds payable, 8%, due in 20 years	1,210,000		1,210,000
Total long-term liabilities	$2,200,000		$1,210,000
Total liabilities	$2,876,085		$1,778,782
Stockholders' Equity
Preferred $0.70 stock, $20 par	$400,000		$400,000
Common stock, $10 par	460,000		460,000
Retained earnings	2,335,650		1,944,350
Total stockholders' equity	$3,195,650		$2,804,350
Total liabilities and stockholders' equity	$6,071,735		$4,583,132

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.

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.

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	%