The comparative financial statements of Tec Solutions Inc. are as follows. The market price of Tec Solutions Inc. common stock was $89.75 on December 31, 20Y8.

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.
a. Working capital........$
b. Current ratio
c. Quick ratio
d. Accounts receivable turnover
e. Number of days' sales in receivables days

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TEC SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 20Y8 and 20Y7 20Y8 20Υ7 Sales $1,940,000 $1.450,000 Sales returns and allowances Net sales 15,000 $1,925,000 10,000 $1,440,000 575,000 $ 865,000 $ 365,000 200,000 $ 565,000 $ 300,000 43,000 $ 343,000 75,000 $ 268,000 40,000 $ 228,000 Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations 780,000 $1,145,000 $ 385,000 215,000 $ 600,000 $ 545,000 25,000 $ 570,000 115,000 $ 455,000 91,000 $ 364,000 Other income Other expense (interest) Income before income tax Income tax expense Net income TEC SOLUTIONS INC. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y8 and 20Y7 20Y8 20Υ7 Retained earnings, January 1 Add net income for year Total $381,000 $168,000 364,000 228,000 $396,000 $745,000 Deduct dividends: On preferred stock On common stock $ 5,000 $ 5,000 10,000 $ 15,000 $381,000 40,000 $ 45,000 $700,000 Total Retained earnings, December 31