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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 $58 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7 20Y8 20Y7 Sales $4,474,170 $4,122,260 Cost of goods sold (1,594,320) (1,466,770) Gross profit $2,879,850 $2,655,490 Selling expenses $(950,350) $(1,155,730) Administrative expenses (809,550) (678,760) Total operating expenses (1,759,900) (1,834,490) Operating income $1,119,950 $821,000 Other revenue and expense: Other revenue 58,950 52,400 Other expense (interest) (288
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