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 $119.70 on December 31, 20 AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2018 2017 Sales $10,000,000 59,400,000 Cost of goods sold (5,350,000) (4,950,000) Gross profit $ 4,650,000 $ 4,450,000 Selling expenses (2,000,000) (1.880,000) Administrative expenses (1,500,000) 01.410,000) Total operating expenses $3,500,000) (3,290,000) Operating income $1,150,000 $1,160,000 Other revenue and expenses Other revenue 150,000 140,000 Other expense (interest) (170,000) (150,000) Income before income tax $ 1.130,000 $ 1,150,000 Income tax expense (230,000) (225,000) Net income $ 900,000 $ 925,000 Retained Earnings AUTOMOTIVE SOLUTIONS INC. Comparative Statement of Stockholders' Equity For the Years Ended December 31, 2048 and 2047 20Y8 2017 Preferred Common Retained Preferred Common Stock Stock Earnings Stock Stock Balances, Jan. 1 $500,000 $500,000 $5,375,000 $500,000 $500,000 Net income 900,000 Dividends: Preferred stock (45,000) Common stock (50,000) Balances, Dec. 31 $500,000 $500,000 $6,180,000 $500,000 $500,000 $4,545,000 925,000 (45,000) (50,000) $5,375,000 AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 2048 and 2017 Dec. 31, 2018 Dec. 31, 2017 Assets Current assets: Cash $ 500,000 $ 400,000 Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities 1,010,000 740,000 1,190,000 250,000 $3,690,000 2,350,000 3,740,000 $9,780,000 1,000,000 510,000 950,000 229,000 $3,089,000 2,300,000 3,366,000 $8,755,000 $ 900,000 $ 880,000 Current liabilities Long-term liabilities: Mortgage note payable, 10% Bonds payable, 10% Total long-term liabilities $ 200,000 1,500,000 $ 0 1,500,000 $1,500,000 $1,700,000 Total liabilities $2,600,000 $2,380,000 Stockholders' Equity Preferred $0.90 stock, si par $500,000 $500,000 Common stock, Spar 500,000 500,000 Retained eaming 6,180,000 5,375,500 Total stockholders' equity $7.180.000 56,325,000 Total liabilities and stockholders equity $9,780,000 $8,755,000 Instructions: Determine the following menures for 2018, Round ratio values to one decimal place and dollar amounts to the nearest ennt. For number of day sales in receivables and number of days' sale in inventory, round Intermediate calculations to the nearest whole doitar and final amounts to one decimat place. Assume there are 365 days in the year. 1. Working 3. Quicki 4. Accounts receivable turnover 5. Day sales in receive days 6. Inventory turnover 7. Days' sales in inventory days 8. Debt ratio 9. Ratio of liabilities to stockholders equity 10. Ratio of fixed assets to long-term liabilities 11. Times Interest earned 12. Times preferred dividends earned times times 13. Asset turnover 14. Return on total assets % 15. Return on stockholders equity 16. Return on common stockholders' equity 17. Earnings per share on common stock 18. Price-carnings ratio 19. Dividends per share of common stock 20. Dividend yield